Maximor Secures $9 Million to Enhance AI Finance Automation

Maximor has secured $9 million in seed funding to enhance its AI-driven finance automation platform, announced in a press release. The funding round was led by Foundation Capital, with participation from Gaia Ventures and Boldcap, along with notable angel investors.

Maximor's platform integrates with existing financial systems such as ERPs, payroll, and billing systems to automate repetitive accounting tasks. This allows finance teams to focus more on strategic work, resulting in faster closes and cleaner audits. The company reports that its customers have experienced a 40% increase in capacity for strategic tasks.

The platform's AI agents are designed to produce audit-ready outputs by default, providing a unified source of truth across financial and operational systems. This approach aims to reduce compliance risks and improve decision-making capabilities for finance leaders. Maximor's technology has already shown significant results, with companies like Rently reducing their month-end close time by half.

Maximor plans to use the new funding to deepen automation across accounting processes and develop vertical modules tailored for specific sectors. The company aims to transform finance teams into always-on, audit-ready AI-powered units for mid-market and enterprise companies.