Marble enters the race to bring AI to tax work, armed with $9 million and a free research tool

Marble, a startup building artificial intelligence agents for tax professionals, has raised $9 million in seed funding as the accounting industry grapples with a deepening labor shortage and mounting regulatory complexity.

The round, led by Susa Ventures with participation from MXV Capital and Konrad Capital, positions Marble to compete in a market where AI adoption has lagged significantly behind other knowledge industries like law and software development.

"When we looked at the economy and asked ourselves where AI is going to transform the way businesses operate, we focused on knowledge industries — specifically businesses with hourly fee-based service models," said Bhavin Shah, Marble's chief executive officer, in an exclusive interview with VentureBeat. "Accounting generates $250 billion in fee-based billing in the US every year. There's a tremendous opportunity to increase efficiency and improve margins for accounting firms."

The company has launched a free AI-powered tax research tool on its ...