Maxima just dropped a $41M Seed + Series A like it was closing a tab, not a funding round, landing a sharp $143M valuation barely 1 year after launch. And honestly? It tracks. When you build something the entire accounting universe has been quietly begging for, the market shows up with a pen already halfway to the check.
Huge congrats to CEO Yogi Goel, CPO Akshaya Srivatsa, and CTO Jack Liao. These aren’t “built an app in a garage” founders; these are veterans from EY, Citi, Barclays, Meta, Twitter, Netflix, Bolt, Airbnb…the people who’ve seen the pipes behind the walls and finally got tired of pretending those pipes aren’t leaking.
Redpoint (Satish Dharmaraj, Urvashi Barve), Kleiner Perkins (Mamoon Hamid, Josh Coyne, Aditya Naganath), and Audacious Ventures (Nakul Mandan, Samantha Price, Muzzammil Zaveri) led the charge, with Liquid 2, FOG, and a stacked lineup of finance operators, Rubrik CFO Kiran Choudary, Vanta CFO David Eckstein, Datadog’s AJ Ljubich, ex-Rippling CFO Adil Syed, ex-Starburst CFO David Freeman, Robinhood’s Siddharth Batra, Ramp’s Edwine Alphonse. When the people who run modern finance back you, that says something.
So what’s the play? Maxima built the first agentic AI platform that actually does the accounting work, journal entries, recs, flux, cash accounting, and produces SOX-ready outputs without forcing companies to rip out their ERPs. Legacy tools log what humans do; Maxima’s agents do the work while humans review. It’s the difference between a treadmill and a driverless car.
Their customers, Scale AI, Rippling, SpotOn, Bilt, aren’t exactly “early adopters.” These orgs manage millions of transactions per month and still hit 90%+ automation, ~80% faster closes, and 100% accuracy (zero errors reported). Controllers who used to live on 20-hour close weeks are now spending their time on analysis instead of spreadsheet triage. That’s not incremental improvement; that’s an exodus from pain.
And the market lesson? Pain is fuel. The accounting world hit a breaking point; 140 U.S. publics had to restate financials in the first 10 months of 2024 alone. Maxima didn’t sell a product; they solved a systemic crisis.
With 31 team members and plans to scale product, GTM, compliance, and AI depth, Maxima is steering straight toward real-time close, financials that update as the business moves, not weeks later when everyone’s exhausted.
If you’re an enterprise wrangling entities, currencies, audits, or enough transaction volume to make a calculator sweat, Maxima isn’t a “nice to have.” It’s your next hire, except this one never sleeps, never complains, and reconciles faster than you can sip your coffee.
This isn’t accounting automation. It’s accounting, evolved. And the industry’s about to feel the shift.
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