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- Basis
Basis Revenue, Valuation, Funding & Investors
Basis is valued at $1.1B as of February 2026, a 3.0x multiple on its last reported $388M revenue.
Last Basis valuation
$1.1B
Series B · Feb 2026
Last Basis funding round
$100M
Series B · Feb 2026
Basis revenue
$388M
Series B · Feb 2026
Key investors in Basis
Khosla Ventures
Better Tomorrow Ventures
Accel
GV
BoxGroup
Jeff Dean
About Basis
Basis is a San Francisco-based developer of AI agents that automate accounting workflows for finance professionals. The agents connect to ERP systems like QuickBooks and NetSuite, handling tasks such as reconciliation, invoicing, and reporting while adapting to firm-specific processes in audit and tax services.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$388M (Feb 2026)
Valuation
$1.1B (Feb 2026)
Basis Valuation
Basis is currently valued at $1.1B, based on its Series B in February 2026.
The $100M round was led by Accel, GV, Khosla Ventures and Lloyd Blankfein, with participation from Better Tomorrow Ventures, Adam D’Angelo, Jack Altman, Kyle Vogt, Claire Hughes Johnson and 3 other investors.
Basis valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2026 | Series B | $1.1B | 3.0x |
Basis Revenue
Basis' latest recorded revenue is $388M, as of its Series B in February 2026. At a $1.1B valuation, that implies a 3.0x revenue multiple.
Basis revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Feb 2026 | $388M | $1.1B | 3.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Basis Funding History
Basis has raised a total of $138M across 3 funding rounds.
Basis' first fundraising round was a $4M seed round in October 2023. The most recent completed round was a $100M Series B in February 2026.
Basis funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Series B | Accel (lead); GV (lead); Khosla Ventures (lead); Lloyd Blankfein (lead); Better Tomorrow Ventures; Adam D’Angelo; Jack Altman; Kyle Vogt; Claire Hughes Johnson; Jeff Dean; Kris Fredrickson; Aaron Levie | $100M | $1.1B | - |
| Dec 2024 | Series A | Khosla Ventures (lead) | $34M | - | Basis is a New York-based AI agent platform for accountants, founded by Matthew Harpe and Mitchell Troyanovsky, that deploys specialized AI agents to automate complex workflows in client accounting services, tax, and audit. The agents understand accounting principles, learn client-specific needs, work autonomously over extended periods, and execute real actions like creating journal entries, debugging reconciliations, preparing memos, and completing end-to-end tasks such as 1065 tax returns. Basis addresses chronic talent shortages, staff burnout, margin pressures, and rising workloads in the accounting industry by delivering 20-50% efficiency gains; it works with around 30% of the top 25 accounting firms. Basis completed a $34 million Series A round in December 2024, with Khosla Ventures (Keith Rabois and Vinod Khosla) as a key backer. This brought cumulative funding to approximately $138 million ahead of the subsequent Series B. In February 2026, Basis raised a $100 million Series B at a $1.15 billion post-money valuation, led by Accel (Miles Clements joining the board) and GV (Google Ventures), with participation from Lloyd Blankfein, Khosla Ventures doubling down, NFDG (Nat Friedman and Daniel Gross), Better Tomorrow Ventures, BoxGroup, Avid Ventures, and angels like Aaron Levie (Box), Adam D'Angelo (Quora), and others from Stripe, Replit, Hugging Face, and Amazon. Funds will expand engineering, machine learning teams, and platform development to scale AI capabilities amid rapid improvements in agent performance. The Series B reflects Basis's quick evolution in three years from seed ($3.6M) to unicorn status, positioning it to transform accounting akin to AI's impact on software engineering. Investors highlight Basis's lead in 'long-horizon' AI agents for high-stakes financial operations, with Vinod Khosla noting workflow reshaping at top firms. |
| Oct 2023 | Seed | Better Tomorrow Ventures (lead); BoxGroup; Avid Ventures | $4M | - | Basis is an agentic AI-powered accounting platform founded in 2023 by Mitchell Troyanovsky and CEO Matt Harpe. The platform deploys long-horizon agents that handle complex workflows across client services, tax, and audit practices for accounting firms, currently supporting around 30% of the top 25 accounting firms. Better Tomorrow Ventures participated in Basis's $3.6 million seed round in September 2023 alongside Avid Ventures and BoxGroup, with Better Tomorrow Ventures as the lead investor. Basis later raised a $34 million Series A led by Khosla Ventures in December 2024 and a $100 million Series B at $1.15 billion valuation in February 2026 led by Accel, with participation from Google Ventures, Khosla Ventures, Lloyd Blankfein, NFDG, Better Tomorrow Ventures, BoxGroup, Avid Ventures, and various angels. |
Who has invested in Basis?
14 investors have backed Basis across its funding rounds, including Khosla Ventures, Better Tomorrow Ventures, Accel, GV, BoxGroup and Jeff Dean.
Lead investors include Accel, GV, Khosla Ventures, Lloyd Blankfein and Better Tomorrow Ventures.
Basis Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2023 | ||
| 2 | Lead | Dec 2024 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Feb 2026 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Oct 2023 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
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Start Free TrialBasis Competitors
Basis competitors include listed companies like Workday and 74Software, and private ones like DataSnipper, infiBond, AppZen and Rillet.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $45M | - | $1B | 22.2x | ||
| Publicly listed | $9.6B | $1.2B | $48B | 4.7x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $814M | $112M | $1.3B | 1.8x |
Basis Public Comps
Basis is still privately-owned, but its public comps include Optasia, 74Software, iFLYHealth, Extreme Vision, Appier Group, Arcs Co, Rackspace, Rezolve AI, BigBear.ai and Beijing CTJ Info Tech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $265M | $79M | 4.3x | 3.6x | 14.5x | 9.1x | |||
| $814M | $112M | 1.9x | 1.8x | 13.7x | 9.8x | |||
| $136M | ($7M) | 7.7x | 6.2x | (150.8x) | (144172.5x) | |||
| $44M | ($6M) | 22.8x | 11.6x | (163.7x) | - | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $4B | $185M | 0.2x | 0.2x | 4.8x | 4.9x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
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Common questions about Basis
| When was Basis founded? | Basis was founded in 2023. |
| Where is Basis headquartered? | Basis is headquartered in New York City, NY, United States. |
| Is Basis publicly listed? | No, Basis is a private, VC-backed company. |
| What is Basis' valuation? | Basis was last valued at $1.1B in its Series B in February 2026. |
| How much funding has Basis raised? | Basis has raised $138M across 3 funding rounds. |
| What was Basis' last funding round? | Basis' last funding round was a $100M Series B in February 2026, led by Accel, GV, Khosla Ventures and Lloyd Blankfein. |
| Who are Basis' investors? | Basis' investors include Better Tomorrow Ventures, Khosla Ventures, Adam D’Angelo, GV, BoxGroup, Avid Ventures, Jack Altman, Kyle Vogt, Lloyd Blankfein, Claire Hughes Johnson and 4 others. |
| What is Basis' revenue? | Basis' latest recorded revenue is $388M (February 2026). |
| What is Basis' revenue multiple? | Basis' latest valuation implies a 3.0x revenue multiple ($1.1B valuation on $388M of revenue). |
| Which companies are comparable to Basis? | Companies comparable to Basis include DataSnipper, Workday, infiBond, AppZen, Rillet and 74Software. |
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