Atlas Raises $6 Million to Advance AI-Driven Accounting Platform
Atlas, a Singapore-based technology company, has successfully raised $6 million in a seed funding round co-led by venture capital firms Accel and Stellaris. The company specializes in integrating embedded AI systems with digital growth capabilities and operational infrastructure, allowing accounting firms to serve more clients without expanding their workforce.
Founders and Leadership
Atlas was founded in the latter half of 2025 by Arpit Maheshwari and Jagmal Singh, who serve as CEO and CTO, respectively. Maheshwari brings a wealth of experience from his previous roles in AI software investments at Stellaris and leadership positions at companies like CarDekho. Singh also has an extensive background, having held leadership and CTO roles at CarDekho, PaisaBazaar, among other firms.
Strategic Use of Funds
The newly acquired funds will be directed towards enhancing Atlas's AI capabilities, broadening its network of partner accounting firms, particularly in North America, and accelerating market adoption. The company aims to address the growing talent shortage in the accounting industry by offering a platform that allows firms to scale operations without increasing headcount.
Market Context and Technology
Atlas is entering a global accounting market valued at over $150 billion, at a time when the industry faces a talent crunch. In the United States, over 300,000 professionals have exited the accounting field since 2019, even as demands for tax regulation and client services have increased. Atlas's platform leverages a human-in-the-loop approach, embedding AI to support rather than replace accountants. This enables professionals to focus on higher-value tasks like review, analysis, and client advisory rather than execution-heavy tasks.
Future Plans
The company plans to deepen its AI capabilities and enhance its partner network, particularly targeting North American markets. "The accounting industry is at an inflection point," said Arpit Maheshwari. "With AI, we have technology that adapts to the way professionals work, and not the other way around."
By embedding AI into both operational and administrative workflows, Atlas aims to offer a scalable solution for independent accounting firms. Early deployments of its platform have shown efficiency gains of more than five times in targeted workflows, setting the stage for broader industry adoption.