Maximor raises $9M to put AI agents on finance grunt work - without disrupting business-as-usual
Finance leaders are paid to guide decisions, yet teams still burn hours on reconciliations, close checklists, and spreadsheet fixes. With three-quarters of accountants expected to retire by 2030 and fewer graduates entering the field, capacity and control are under pressure. That's the gap Maximor aims to close.
The company secured a $9 million seed round to extend its finance automation platform. The round was led by Foundation Capital, with participation from Gaia Ventures and Boldcap, plus industry operators including Aravind Srinivas (Perplexity), Tien Tzuo (Zuora), and finance leaders from Ramp, Gusto, Opendoor, MongoDB, and the Big Four.
What changes for finance teams
- Roughly 40% more capacity for strategic work - less time spent moving data, more time on planning and decision support.
- Cleaner audits and faster closes - audit-ready workpapers and trails produced by default, reducing compliance and valuation risk.
- Unified visibility across ERPs, banks, payroll, CRMs, and SaaS data - one reconciled source of truth for faster calls.
"Finance should be the growth engine of a company, not a cost center," said Ramnandan Krishnamurthy, CEO and co-founder. "Our job is to automate the mechanics and unify the data so finance leaders can spend time guiding the business. We measure success by customer outcomes, not seats purchased."
How Maximor works
Maximor acts as a financial command center. It connects to ERPs like NetSuite and Intacct, banks, payroll, CRMs, and SaaS platforms, then builds a reconciled source of truth.
- Specialized finance agents run revenue, cash, close, and reporting workflows.
- Its Audit-Ready Agent architecture produces workpapers, reviewer notes, and audit trails by default.
- Outputs are explainable, compliant, secure, and fit for enterprise control standards.
"Instead of chasing features like many ERP startups, Maximor uses AI to tackle real challenges faced by finance leaders at global companies," said Ashu Garg, General Partner at Foundation Capital. "Maximor has built a unified platform where specialized AI agents work together seamlessly, enabling meaningful transformation without disruption."
Proof in the numbers
- Rently cut its month-end close from 8 days to 4 in the first month and avoided two incremental accounting hires. "With Maximor, our team delivers reliable, audit-ready outputs efficiently while freeing up nearly 50% of our capacity for strategic work," said Dustin Neal, CFO at Rently.
- Invst, a multi-billion-dollar AUM registered investment advisor, automated reconciliations, allocations, and reporting - surfacing advisor-level profitability insights that were previously impractical.
Why this matters now
The finance function is asked to steer strategy while legacy processes drain cycles and increase error risk. The talent pipeline is thinning, audit standards aren't loosening, and data is spread across too many systems. Operating with automation that keeps existing stacks in place and produces evidence by default helps teams move faster without trading off control.
Product philosophy and roadmap
Maximor's "Design for Progress" approach adapts to each organization's finance operations style instead of forcing a template. It focuses on end-to-end coverage - cradle to grave - with enterprise-grade control and a unified finance context layer.
- Deeper automation across repetitive accounting flows.
- Vertical modules for sectors with urgent needs.
- Strategic insights that shift teams from reactive reporting to proactive scenario planning and decision support.
The vision: an always-on, audit-ready AI finance team for mid-market and enterprise companies.
Practical next steps for CFOs and controllers
- List the top manual drains: reconciliations, revenue ops, cash application, close checklists.
- Confirm system coverage: ERP, bank feeds, payroll, CRM, and billing.
- Set control expectations upfront: evidence required, reviewer notes, audit trails.
- Run a focused pilot and measure three numbers: close duration, manual reconciliation hours, audit adjustments.
Learn more at maximor.ai.
Exploring broader AI options for finance teams? See a curated list of tools and training for finance professionals at Complete AI Training.
About Maximor
Maximor is an ERP-agnostic, AI-native finance automation platform for mid-market and enterprise companies. By unifying financial and operational data and deploying a system of specialized finance agents built on its proprietary Audit-Ready Agent architecture, it automates revenue, cash, close, and reporting with audit-ready evidence by default. Teams close faster, reduce manual reconciliations, and gain deeper operating insight - without migrating off their existing stack.
Backers include Foundation Capital, Gaia Ventures, Boldcap, and leading industry operators.
Press inquiries: press@maximor.ai
Your membership also unlocks:
