AI startup Basis raises $100 million, valuing the company at $1.15 billion.

AI startup Basis recently announced it has raised $100 million in funding, valuing the company at $1.15 billion. The round was led by Accel, with participation from GV Capital and former Goldman Sachs CEO Lloyd Blankfein, among others. Founded in 2023, Basis primarily provides AI technology support to accounting firms. The company plans to use the funding to expand its client base and deepen its tax and audit capabilities.