About Klarity
Klarity excels as a workplace by harnessing the power of generative AI and multi-document matching technology to innovate in the field of automated document review. This company is dedicated to the seamless integration and validation of Salesforce data with other critical business documents, making it a leader in enhancing data integrity and operational efficiency in revenue recognition processes. Employees at Klarity benefit from a culture that values technical skill and creative problem-solving, ensuring continuous professional growth in a cutting-edge industry.
Cambridge, MassachusettsHeadquarters
2017Year Founded
$87.9MTotal Funding
SERIES_BCompany Stage
Enterprise Software, AI & Machine Learning, Financial ServicesIndustries
51-200Employees
Risks
Increased competition in AI-driven document review could threaten Klarity's market position.
Challenges in differentiating from other AI solutions in the accounting sector.
Potential talent gap due to declining accounting graduates may affect expansion plans.
Differentiation
Klarity uses AI to automate ASC 606 and IFRS 15 contract reviews.
The platform integrates with Salesforce and Netsuite for centralized document management.
Founded by experts from Harvard and MIT, Klarity combines legal and technical expertise.
Upsides
Raised $70M in Series B to expand its 130-person staff significantly.
Growing demand for AI-driven solutions in accounting due to complex regulations.
Partnerships with major enterprise software providers enhance document processing capabilities.
Funding
Total raised$87.92 M
Latest valuation$350.00 M
StageSERIES_B
SERIES B
5/31/2024$70
$350.00 M$18
$90.00 MSEED
12/31/2018$2
$9.00 M