Maximor raises USD $9M to advance AI finance automation

Maximor has secured USD $9 million in a seed funding round to expand its finance automation platform aimed at easing the accounting workload without requiring organisations to overhaul their existing ERP and financial systems.

The round was led by Foundation Capital, joined by Gaia Ventures and Boldcap, alongside angel investors including Aravind Srinivas, Tien Tzuo, and several CFOs and finance leaders from firms such as Ramp, Gusto, Opendoor, MongoDB, and the Big Four audit firms.

Addressing finance workflow challenges

Finance teams are increasingly expected to support business decision-making, but are often bogged down by data entry, reconciliations, and the maintenance of complex spreadsheets. This environment is further strained by a shrinking pipeline of new accountants, as three-quarters of current professionals are projected to retire by 2030.

Maximor's platform automates core accounting tasks by integrating AI agents with existing ERPs, payroll, billing, and bank systems. According to the company, this approach unifies disconnected financial data and delivers audit-ready output, allowing finance staff to focus more on strategic activities. Company data indicates that teams using Maximor report approximately 40% more capacity for strategic projects, along with faster month-end closes and improved audit outcomes.

Ramnandan Krishnamurthy, CEO and co-founder of Maximor, stated, "Finance should be the growth engine of a company, not a cost center. Capital is how decisions are made. 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."

Customer outcomes

Clients have reported measurable improvements following implementation. Rently, a property technology business with global operations, was able to halve its month-end close period from eight to four days within the first month of deploying Maximor. The company also avoided making two additional accounting hires for repetitive work. Meanwhile, investment advisor Invst, which manages multi-billion-dollar assets, automated reconciliations, allocations, and reporting processes, enabling new insights into advisor-level profitability previously considered impractical.

"Finance should be a growth catalyst, not a bottleneck. With Maximor, our team delivers reliable, audit-ready outputs efficiently while freeing up nearly 50% of our capacity for strategic work. I'm excited about the doors this opens for our business-and energized to partner with a team that's both world-class and customer-focused." said Dustin Neal, CFO at Rently.

Maximor's platform is designed to serve as a central command centre, connecting financial and operational data from sources such as NetSuite, Intacct, banks, payroll systems, CRMs, and SaaS platforms. On this unified data foundation, its proprietary Audit-Ready Agent architecture deploys specialised finance agents to support functions across revenue, cash, close, and reporting, producing audit trails and workpapers by default for transparency and compliance.

Backing and vision

"What attracted us to Maximor is their seamless integration to any ERP system. Instead of chasing features like many ERP startups, Maximor uses AI to tackle real challenges faced by finance leaders at global companies. Unlike solutions with disconnected AI tools, Maximor has built a unified platform where specialized AI agents work together seamlessly. For mid-market and enterprise finance teams, it bridges the gap between their current systems and advanced AI, enabling meaningful transformation without disruption," said Ashu Garg, General Partner at Foundation Capital. 

The company's founding team, Ramnandan Krishnamurthy and Ajay Krishna Amudan, drew on their experience working with global corporate finance teams at Microsoft, where they observed persistent challenges linked to fragmented workflows and reliance on spreadsheets, even after significant investment in ERP solutions.

Maximor distinguishes itself from point automation tools by offering what it describes as end-to-end process automation for finance, combining compliance and control with explainable, secure results.

The company is planning to expand its offering in three directions: deeper automation of accounting processes, sector-specific modules, and provision of strategic finance insights to facilitate more proactive planning and scenario modelling. Its stated vision is to enable continuous, audit-ready finance operations for mid-market and enterprise organisations through AI.

The platform's design philosophy, "Design for Progress", aims to ensure that automation directly supports each client's finance operating style rather than applying a uniform template. Maximor positions its automation as outcome-assured and evidence-driven, with the intention of moving finance teams away from fragmented tools towards a central, unified solution.