Boston based automated bookkeeping startup botkeeper has raised a $4.5m Seed Round led by Ignition Partners.
“Robotic botkeeping? It sounds like another crazy Silicon Valley whim,” said Enrico Palmerino, CEO at botkeeper. “But look under the hood and it makes a lot of sense. Using AI and ML, botkeeper can eliminate the inefficiencies, complexities, and prohibitive costs inherent in traditional accounting processes and tasks. botkeeper leverages these advanced computer science techniques to analyze diverse company-wide data sets, categorize expenses, and execute timely accounting actions automatically – all with 99.97% accuracy. We knew we were on to something when an early demonstration showed that botkeeper could clean up three years of a client’s bookkeeping in just two weeks.”