Singapore-based accounting technology startup Atlas has raised $6 million (about ₹55.4 crore) in a seed round co-led by Accel and Stellaris Venture Partners, backing its bid to reshape the global accounting ecosystem with AI-driven workflows and automation.
Addressing a widening talent gap in accounting
Atlas, founded in 2025 by Arpit Maheshwari and Jagmal Singh, is targeting the roughly $150 billion US accounting market, which faces a pronounced talent shortage. Since 2019 more than 300,000 accounting professionals have left the workforce, and the active practitioner base has shrunk by over 20% in five years, worsening the supply–demand imbalance for compliance, tax and advisory work.
Smaller and mid-sized firms have been hit hardest. Many rely on a patchwork of specialised tools that automate narrow tasks but fail to streamline end-to-end operations, leaving firms with persistent inefficiencies and limited capacity to scale.
AI-native platform designed to increase capacity and productivity
Atlas offers an AI-first, end-to-end operating system for accounting firms that integrates with existing software while embedding machine learning across core workflows—bookkeeping, audit preparation, financial analysis and client communications.
The product is built on a human-in-the-loop model: AI handles repetitive, rules-based tasks as a “junior” team member, freeing senior professionals to focus on higher-value advisory work. This design aims to raise productivity and improve service quality without displacing essential human oversight.
Early traction and use-case outcomes
Initial deployments in the US have produced encouraging metrics. Participating firms reported efficiency improvements of up to fivefold and potential capacity increases of up to three times within three months of onboarding, according to Atlas.
With the new funds, the startup will expand its AI capabilities, invest in go-to-market activities and grow its partner network across North America to capture the opportunity created by automation-driven transformation and persistent labour shortages in the accounting sector.
