Klarity raised $70M in a Series B led by Nat Friedman and Daniel Gross, with participation from Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital, and Y Combinator to expand its AI-driven data processing technology and grow its staff.

San Francisco-based accounting startup Klarity raised a $70 million Series B funding round led by Nat Friedman and Daniel Gross, with additional participation from Scale Venture Partners, Tola Capital, Picus Capital, Invus Capital, and Y Combinator. The company utilizes AI to streamline data processing in contracts and internal records, eliminating manual work. The funding will be used to expand its staff from 130 to triple that number and further develop its AI technology.