Agentic AI audit platform Fieldguide raises $75m in Series C funding

Fieldguide, an AI-native level built for audit and advisory practices, has secured $75m successful a Series C backing circular led by Growth Equity astatine Goldman Sachs Alternatives.

Geodesic joined the financing arsenic a caller investor, portion existing backers Bessemer Venture Partners, 8VC and Thomson Reuters besides participated.

With this latest superior infusion, the San Francisco, US-headquartered institution has raised $125m successful full funding, valuing it astatine astir $700m.

In a statement, Fieldguide said that the proceeds volition alteration the institution to assistance audit and advisory practices “grow with agentic AI”.

Fieldguide co-founder and CEO Jin Chang said: “We built Fieldguide to enactment the radical doing this work, and to lick a structural occupation successful the profession.

“This backing allows america to standard a proven exemplary wherever agentic AI and quality experts enactment unneurotic to summation capacity, elevate quality, and physique a much sustainable aboriginal for audit and advisory.”

The institution develops AI-native bundle for audit, advisory and assurance teams successful regulated environments. It said Fieldguide’s AI agents tin transportation retired high-volume and data-intensive tasks crossed the afloat beingness rhythm of an engagement.

It further added that the company’s bundle is utilized by “half of the Top 100 US accounting firms”, and listed Baker Tilly, BDO, CBIZ, Forvis Mazars, Grant Thornton, KPMG and RSM US among its clients.

Goldman Sachs Alternatives Growth Equity vice-president Harris Pollack said: “The aboriginal of audit and advisory depends connected however efficaciously firms harvester quality judgement with AI-driven execution.

“Fieldguide embeds AI and agentic workflows straight into however engagements are delivered – helping firms determination faster portion maintaining the standards that the assemblage depends on.

“This establishes a caller instauration for however the audit and advisory manufacture volition operate.”

With implicit $625bn successful assets and much than 30 years of experience, Goldman Sachs invests successful alternatives globally.

The concern backs a wide premix of alternate plus classes, covering maturation and backstage equity, hedge funds, infrastructure, backstage credit, existent property and sustainability-focused investments.

"Agentic AI audit level Fieldguide raises $75m successful Series C funding" was primitively created and published by International Accounting Bulletin, a GlobalData owned brand.

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