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Concourse, which builds AI agents for corporate finance teams, raised a $12 million Series A round, CEO Matthieu Hafemeister tells Axios exclusively.

Why it matters: Finance teams need systems that connect cleanly to core data and can be audited.

Zoom in: Standard Capital led the financing, with participation from Andreessen Horowitz, CRV and Y Combinator.

CFOs and finance leaders from companies including Cursor, Vercel and Rippling also participated.

How it works: Concourse integrates with ERPs and data warehouse systems, including NetSuite, QuickBooks, Snowflake and BigQuery, so teams can pull data from various sources without stitching them together by hand.

Its agents sit on top of the existing stack, enabling finance team members to ask questions in plain English and trace answers back to their underlying logic.

The product can generate charts, tables and narrative write-ups that export into finance-friendly formats, while also automating recurring reporting.

Between the lines: Concourse includes a transparency panel that shows the underlying SQL and Python used to produce results, making it easier to audit and catch mistakes.

Hafemeister says the Concourse team builds evaluation sets with the customer finance and data teams, aiming for 98% to 99% accuracy on benchmarks before agents are deployed to production.

By the numbers: NYC-based Concourse says customers can cut manual work by up to 75% by reducing spreadsheet wrangling and rework across disconnected systems.

Early customers include Palo Alto Networks, Front and Tecovas.

What's next: Concourse says it will use the new capital to deepen enterprise-grade security and reliability while expanding agent capabilities.

The company is also launching self-serve signup and a free starting tier, enabling it to offer its tech to smaller teams even as it continues to chase large enterprise customers.

Exclusive: Concourse raises $12M for AI finance agents

Its agents help finance teams cut manual work by up to 75%

Illustration of a robot wearing a green visor, sitting at an accountant's desk.

Concourse, which builds AI agents for corporate finance teams, raised a $12 million Series A round, CEO Matthieu Hafemeister tells Axios exclusively.Why it matters: Finance teams need systems that connect cleanly to core data and can be audited.

Exclusive: Concourse raises $12M for AI finance agents

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