Kintsugi Announces $6M Series A Funding Round At $40M Valuation

Latest News

Forbes 5/29/24: How Kintsugi Plans To Take The Pain Out Of Sales Tax Compliance

CityBiz 5/29/24: Kintsugi Secures $6M Series A Funding

PYMNTS 5/29/24: Kintsugi Raises $6 Million to Further Develop Tax Automation Platform

Axios Pro 5/29/24: Sales tax automation startup Kintsugi AI raises $6M

Crunchbase 5/29/24: Kintsugi AI said Wednesday it had raised a $6 million Series A

San Francisco Business Times 5/29/24: San Mateo sued over housing; AI talent shifts sides

AIthority 5/29/24: Sales Tax Compliance Startup Kintsugi Scoops $6M Funding

Startups Magazine 5/29/24: Kintsugi Secures $6m to Streamline Tax Compliance with AI-Powered Automation

Startup Hub 5/29/24: Kintsugi Raises $6M for AI that Simplifies Tax Compliance

Finovate 5/29/24: Fintech Rundown: A Rapid Review of Weekly News

Fintech Collective 5/29/24: Kintsugi raises $6m in Series A funding, Parker Jay-Pachirat

DailyStraits 5/29/24: Kintsugi AI Secures $6M Funding

TechEconomy 5/29/24: Kintsugi Lands $6m to Simplify Tax Compliance Using AI-powered Automation

Yahoo Finance 5/31/24: Kintsugi lands $6m to simplify tax compliance using AI-powered automation

"Kintsugi simplifies sales tax with its intelligent AI-driven platform, automating the entire compliance process for large and small businesses globally."

San Francisco, California – May 29, 2024

Whether you're a startup or a large enterprise, sales tax complexity only grows with your customer base.

Enter Kintsugi, the fintech startup transforming tax compliance with cutting-edge AI technology. Today, Kintsugi announced a successful $6M funding round at a $40M valuation to further develop its groundbreaking platform.

Leading this Series A round is Link Ventures, with additional support from Venture Highway, KyberKnight, Plug and Play, DeVC, and a roster of esteemed angel investors. This funding will fuel Kintsugi's expansion into automated VAT solutions for Canada and Europe, enhancing support for businesses operating on a global scale.

Founded by a trio of industry veterans – Stanford graduate and former Facebook machine learning engineer Pujun Bhatnagar, ex-Credit Suisse and Goldman Sachs analyst Barkin Doganay, and former Atlassian executive Jeff Gibson – Kintsugi emerged in 2021.

The company was conceived following a landmark 2018 Supreme Court decision that mandated remote sellers to collect and remit sales tax, highlighting the fragmented nature of sales tax laws across states. This ruling underscored the need for a unified, automated approach to compliance.

Kintsugi's platform offers an end-to-end solution, featuring real-time nexus monitoring, AI-enabled product categorization, precise tax calculations, sales tax registration, filing, exemption certificate handling, and back-tax compliance. At its core, Kintsugi uses a powerful LLM trained on regulations across 110,000 jurisdictions, ensuring every transaction is accurately processed and compliance is seamlessly managed.

Looking ahead, Kintsugi aims to enhance its platform and expand its team, striving to make sales tax compliance effortless for businesses worldwide.

About Kintsugi

Based in San Francisco and founded in 2022, Kintsugi is dedicated to taking the stress out of sales tax compliance. Our platform automates the entire process, delivering high performance, reliability, and flexibility as your business scales. Kintsugi is secure, encrypted, GDPR-compliant, and SOC 2 Type II certified, adhering to the highest standards for security, availability, processing integrity, confidentiality, and privacy.