Maximor, a New York City-based startup focused on automating back-office finance operations, said it has closed on a $9 million seed funding round.
The company, founded by two Microsoft veterans, aims to leverage AI agents to connect an organization’s existing tech stack to automate much of the manual work finance departments are responsible for on a regular basis, including reconciling accounts and transactions, preparing and posting journal entries, parsing contracts and allocating revenue, and managing close checklists and flux analysis
“Every month, finance teams spend nights and weekends pulling data from fragmented systems, reconciling accounts, parsing contracts, and building reports — all by hand,” said Ramnandan Krishnamurthy, Maximor’s CEO. “ERP migrations promise transformation but still leave teams stuck in spreadsheets, chasing the close.”
Krishnamurthy said Maximor has designed the platform to work with any ERP, CRM, billing, payroll or payment system. And every action is traceable, reviewable and audit-ready.
The funding round was led by Foundation Capital, with participation from BoldCap, Gaia Ventures, Boldcap, and other individual investors.