AI Accounting Startup Accrual Secures $75M Funding

Accrual, an AI-powered accounting startup, has emerged from stealth mode, demonstrating the growing interest in automating financial processes. Backed by General Catalyst's $1.5B Creation fund, this funding round signals confidence in AI's ability to revolutionize the accounting industry.

• •Accrual raised $75M in funding.
• •The startup was incubated by General Catalyst.
• •This investment is part of General Catalyst's larger $1.5B Creation fund.