Singapore-based accounting tech startup Atlas has secured $6 million (around ₹55.4 crore) in a seed funding round co-led by Accel and Stellaris Venture Partners. Founded in 2025 by Arpit Maheshwari and Jagmal Singh, the startup aims to transform the global accounting ecosystem through AI-driven solutions.
The funding comes at a time when the accounting industry, especially in the US, is undergoing a major shift driven by automation and talent shortages. Investors believe Atlas is well-positioned to tap into this transformation with its AI-first approach.
Solving a Growing Talent Crisis in Accounting
Atlas is targeting the $150 billion US accounting market, which is currently facing a severe talent crunch. Since 2019, over 300,000 professionals have exited the workforce, leading to a sharp decline in available expertise. At the same time, demand for accounting services continues to rise due to increasingly complex tax regulations and compliance requirements.
Over the last five years, the number of practicing accountants has dropped by more than 20%, creating a mismatch between demand and supply. Smaller accounting firms are the most affected, as they often rely on fragmented tools that only automate limited tasks. These inefficiencies increase operational burden rather than solving it, leaving firms struggling to scale.
AI Platform to Boost Efficiency and Capacity
Atlas addresses this gap with an AI-native platform designed as an end-to-end operating system for accounting firms. The solution integrates seamlessly with existing tools while embedding AI across workflows, including bookkeeping, audit preparation, financial analysis, and client communication.
The platform follows a “human-in-the-loop” model, where AI acts as a junior team member handling repetitive tasks, allowing experienced professionals to focus on strategic advisory roles. This approach not only improves productivity but also enhances service quality.
Early deployments in the US have shown promising results, with firms reporting up to 5X efficiency gains and a potential 3X increase in capacity within three months of integration. With the fresh capital, Atlas plans to expand its AI capabilities, strengthen its go-to-market strategy, and grow its partner network across North America, positioning itself as a key player in the future of accounting