Krux
February 25, 2026
Accel Leads Basis to $1.15B Valuation Serving 30% of Top Accounting Firms
Published: February 25, 2026 at 12:22 AM
Updated: February 25, 2026 at 12:22 AM
100-word summary
Basis closed a $100 million Series B led by Accel at a $1.15 billion valuation, with GV, Lloyd Blankfein, and Khosla Ventures participating. The AI agent platform for accountants already serves roughly 7 of the top 25 U.S. accounting firms, representing about 30% of that tier. Accel's Miles Clements and Khosla's Keith Rabois will join the board. Proceeds will fund engineering and machine learning hires plus expanded tax and audit capabilities. The round signals institutional demand for agentic AI in professional services, with Basis now securing unicorn status.
What happened
Basis closed a $100 million Series B led by Accel at a $1.15 billion valuation, with GV, Lloyd Blankfein, and Khosla Ventures participating. The AI agent platform for accountants already serves roughly 7 of the top 25 U.S. accounting firms, representing about 30% of that tier. Accel's Miles Clements and Khosla's Keith Rabois will join the board. Proceeds will fund engineering and machine learning hires plus expanded tax and audit capabilities.
Why it matters
The round signals institutional demand for agentic AI in professional services, with Basis now securing unicorn status.