Klarity $18M Series A

We are incredibly proud to announce that Klarity has raised $18 million in Series A funding led by Tola Capital, closed at the end of 2021. With Tola’s deep expertise in the Enterprise SaaS space, it is both an honor and advantage to partner with such an incredible, diverse VC firm. We are also thrilled to welcome Sheila Gulati, Managing Director and Founder of Tola Capital, to our Board of Directors.

This funding round also includes several customers-turned-investors, a vote of confidence in our organization that is both appreciated and celebrated. These include investments from senior leadership at customers like 8x8, Coupa, and UiPath. In addition to new investors, existing investors Elad Gil, Daniel Gross, Nat Friedman, and Picus Capital have demonstrated their faith in the future of our platform with increased investments in Klarity.

Klarity $18M Series A

We are incredibly proud to announce that Klarity has raised $18 million in Series A funding led by Tola Capital, closed at the end of 2021. With Tola’s deep expertise in the Enterprise SaaS space, it is both an honor and advantage to partner with such an incredible, diverse VC firm. We are also thrilled to welcome Sheila Gulati, Managing Director and Founder of Tola Capital, to our Board of Directors.

This funding round also includes several customers-turned-investors, a vote of confidence in our organization that is both appreciated and celebrated. These include investments from senior leadership at customers like 8x8, Coupa, and UiPath. In addition to new investors, existing investors Elad Gil, Daniel Gross, Nat Friedman, and Picus Capital have demonstrated their faith in the future of our platform with increased investments in Klarity.

Klarity $18M Series A

We are incredibly proud to announce that Klarity has raised $18 million in Series A funding led by Tola Capital, closed at the end of 2021. With Tola’s deep expertise in the Enterprise SaaS space, it is both an honor and advantage to partner with such an incredible, diverse VC firm. We are also thrilled to welcome Sheila Gulati, Managing Director and Founder of Tola Capital, to our Board of Directors.

This funding round also includes several customers-turned-investors, a vote of confidence in our organization that is both appreciated and celebrated. These include investments from senior leadership at customers like 8x8, Coupa, and UiPath. In addition to new investors, existing investors Elad Gil, Daniel Gross, Nat Friedman, and Picus Capital have demonstrated their faith in the future of our platform with increased investments in Klarity.

Series A in numbers

$18M

capital amount raised

14

investors on board

5x

growth over past three quaters

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Why customers choose Klarity

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Where we started

We started Klarity with a simple goal: to unlock human potential by automating repetitive document review. A disproportionate percentage of highly skilled, highly paid workers waste time reading similar documents over and over again. With the launch of our flagship product in August 2020, Klarity set its sights on the revenue accounting space to free people from painful, never-ending document review. Klarity’s platform was built over the course of four years and leverages cutting-edge Natural Language Processing and Computer Vision to understand documents as well — or better — than human reviewers. The result: The most accurate document intelligence platform available today.

Andrew & Nischal during at YCombinator program

The demand for our product, which replaces inefficient workflows dependent on countless spreadsheets and manual review, has led to 5x growth over the past three quarters. We have processed more than 144,000 documents for customers and saved more than 35,000 human hours in review. Simply put, we’ve built a platform that de-risks revenue accounting compliance by consistently delivering higher accuracy compared to human reviewers.

We could not have built any of this without the incredible team at Klarity. Nischal and I often joke that when we set out to create a document intelligence platform, we had the expectation that our task would be completed within months. Four years later and only with the help of an intelligent, passionate, and dedicated team, have we been able to accomplish any of our goals.

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Revenue recognition and compliance with ASC 606 is both essential and presents pervasive challenges in terms of human capital requirements and human error. Not only does Klarity solve this problem of transforming documents to structured data, they have done it in a way that is automated, removes the risk of mistakes, and provides an audit trail.

Nischal Nadhamuni

CTO and co-founder, Klarity

Why Customers Love It

“We are extremely excited to implement this Generative AI Technology for our customers. Klarity Architect demonstrates the superior analysis capabilities of AI using Multi Modal analysis and LLMs in real life scenarios. We believe in the impactful transformative value of AI and look forward to delivering tangible results to our customers by utilizing Klarity Architect.”
— Ahmed Zaidi, CEO, Accelirate

Find out how Accelirate cut documentation time by 67% and scaled their operations →