Mumbai: Atlas, a Singapore-headquartered technology company, today announced it has raised $6 million in seed funding. The round was co-led by Accel and Stellaris, two of India’s leading early-stage venture capital firms.
The fresh capital will enable Atlas to expand its AI-powered platform, scale its partner network of accounting firms in North America, and accelerate go-to-market efforts in a sector valued at over $150 billion annually.
The funding comes at a time when the accounting industry is undergoing a structural shift. In the United States alone, more than 300,000 professionals have exited the field since 2019, even as tax regulations become more complex and client expectations continue to rise.
This widening gap has created a significant capacity challenge for independent accounting firms—an opportunity that Atlas aims to address through technology.
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Atlas Designed to Help Firms Increase Operational Capacity by Embedding AI Directly into Both Delivery and Administrative Workflows
Built on a human-in-the-loop model, Atlas positions AI as a specialized junior accountant rather than a replacement for human professionals. This approach allows accountants to shift from execution-heavy tasks to higher-value activities such as review, analysis, and client advisory.
By leveraging this model, Atlas enables firms to scale revenue and improve margins without proportionally increasing headcount. According to the company, early deployments of the platform have already demonstrated efficiency gains exceeding five times on targeted workflows, underscoring the transformative potential of its AI-first approach.
Founded in the second half of 2025, Atlas was established by Arpit Maheshwari and Jagmal Singh, who together bring over three decades of experience in India’s startup ecosystem. Prior to founding Atlas, Maheshwari led AI software investments at Stellaris and held leadership roles at Indian startups such as CarDekho.
Singh has served in leadership and CTO roles at CarDekho—following the acquisition of his startup Connecto—as well as at PaisaBazaar, part of the $8 billion PolicyBazaar Group, along with several growth-stage and publicly listed companies in Singapore.
Arpit Maheshwari, CEO of Atlas, said, “The accounting industry is at an inflection point. With AI, we have technology that adapts to the way professionals work, and not the other way around. Atlas is building infrastructure that will allow the best independent firms to compete at a scale that was previously out of their reach.
We are also putting skin in the game with our partners, aligning our incentives directly to their success. This funding allows us to deepen our platform, grow our network, and move with the urgency this moment demands.”
With this latest round of funding, Atlas is poised to strengthen its position as a key enabler in the global accounting ecosystem, leveraging AI to address talent shortages while empowering firms to deliver greater value to their clients.
