AI-enabled tax platform Byron secures $9m seed round led by Square Peg
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The news: AI-enabled tax platform Byron has completed a USD6.5 million ($9.1 million) seed round led by Square Peg, with participation from Sorenson Capital, Liquid2 Ventures and Correlation Ventures.
The context: Founded by Perth-born Blaze O’Byrne, Byron is an AI agent platform designed to automate manual workflows across business tax preparation to deliver output for certified public accountant (CPA) firms.
The San Francisco-based startup integrates with the systems CPAs already use to support business tax returns. It automatically rolls forward prior-year returns and work papers into a current-year Excel workbook. Each stage of the pipeline is handled by an AI agent trained for that specific task.
Byron was built by AI and accounting experts from Amazon’s artificial general intelligence team and Deloitte.
What they said: “Accountants don’t have a demand problem, they have a capacity problem. Firms are dealing with unstructured documents, inconsistent client data, changing tax rules and review-heavy processes that legacy software couldn’t manage effectively,” said Byron CEO Blaze O’Byrne.
“Advances in large language models over the last six months have changed that, and it’s now possible to automate most of the business tax process while still allowing accountants to work directly in Excel,” he added.
The source: Byron media release
