Solomon Labs raised $6.8 million in a seed round led by Bessemer Venture Partners to enhance its AI tax filing automation solutions.

Jul 23, 2025•5 months ago

Amount Raised

$6.8 Million

Round Type

seed

New YorkArtificial IntelligenceSoftware

Investors

Bessemer Venture Partners

Description

Solomon Labs, a tax AI startup, secured $6.8 million in seed funding from Bessemer Venture Partners. The investment will be used to improve their AI's classification model and expand automation services. The company has already achieved $1 million in annual revenue within six months of launching its service. Solomon Labs aims to reach $3 million in revenue by the end of the year.

Company Information

Company

Solomon

Location

New York, New York, United States

About

Solomon Labs is a tax artificial intelligence (AI) startup founded in New York that provides 'Solomon AI,' a tax filing automation solution. The company's AI agent automates client document collection, data extraction, and tax declaration to alleviate the shortage of accounting firms in the U.S. market. Within six months of its service launch, Solomon Labs achieved $1 million in annualized revenue and aims to enhance its AI capabilities with the new funding. The company's goal is to expand tax automation services and improve user interface functionality for better user experience.

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