Truewind Announces Series A Investment

SAN FRANCISCO--(BUSINESS WIRE)-- Truewind is excited to announce its Series A, co-led by Rho Capital and Thomson Reuters Ventures with participation from Pathlight Ventures. The $13 million investment brings Truewind’s total funding to over $17 million. The company is also thrilled to have Habib Kairouz, Joe Dormani, and Charley Ma join the Truewind board.

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Truewind announces Series A co-led by Rho Capital and Thomson Reuters Ventures (Graphic: Business Wire)

We are grateful to our existing investors for their ongoing support, without whom we would not be here today. Logan Allin at Fin Capital, Brad Flora at Y Combinator, Alex Ren at Fellows Fund, Dave Anderson at Beat Ventures, Aneel Ranadive at Soma Capital, Tak Miyata at Scrum Ventures, Mikihiro Yasuda at Hike Ventures and Jun Li at SV Tech Ventures. We also thank our customers for trusting Truewind for complex, sensitive work, and for partnering with us in deploying generative AI to augment productivity and streamline workflows.

Truewind has established itself as a secure generative AI platform for accounting professionals. We’ve earned the trust of leading accounting firms, in-house accounting teams, and professional service providers across the country. Over the past year, our revenue has grown fourfold while working with top public accounting firms, including EisnerAmper and Frank Rimerman. In partnership with our customers, Truewind has developed a holistic solution that absorbs 47% of the month-end close tasks and accelerates the close.

Looking ahead, we will use our Series A funding to expand our accountant community network, scale our world-class multidisciplinary team, and build out our suite of product features. This year has been a game changer for Truewind. We have our customers and accounting firm partners to thank for this. We are energized to invest in our products and team to enable accountants to harness the full potential of generative AI.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241218171588/en/

Alex Lee
Email: [email protected]
Phone: +1 (415) 879-8002
Website: https://www.truewind.ai/

Source: Truewind

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