Klarity founders Ondrej Antos and Nischal Nadhamuni on Y Combinator Demo Day (Summer 2018).
<p><strong><span class="xn-location">SAN FRANCISCO</span></strong> &#8212; <u>Klarity</u>, an AI platform that turns documents into structured data and frees humans from painful and voluminous document review, has announced <span class="xn-money">$18 million</span> in Series A funding led by <u>Tola Capital</u> with participation from new and existing investors.</p>
<p>[<strong>Photo above</strong>: Klarity founders Ondrej Antos and Nischal Nadhamuni on Y Combinator Demo Day (Summer 2018)/</p>
<p>The company, a Y Combinator alumnus, says it has experienced 5x growth over the past three quarters. Klarity plans to use the capital to grow its engineering and Go-To-Market teams to deliver the world&#8217;s first fully-automated document processing and management platform for finance and accounting teams for midmarket and enterprise companies. <span class="xn-person">Sheila Gulati</span>, the Managing Director and Founder of Tola Capital will be joining the board of directors.</p>
<div class="col-sm-10 col-sm-offset-1">
<p>New investors in Klarity include:</p>
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<div class="col-sm-10 col-sm-offset-1">
<ul>
<li>Tola Capital</li>
<li>Invus Opportunities</li>
<li><span class="xn-person">Dave Sipes</span>, CEO of 8&#215;8; <span class="xn-person">Sam Wilson</span>, CFO of 8&#215;8 and <span class="xn-person">Germaine Cota</span>, CAO of 8&#215;8 and <u>Klarity customer</u></li>
<li><span class="xn-person">Tony Tiscornia</span>, CFO of Coupa and <u>Klarity customer</u></li>
<li><span class="xn-person">Daniel Dines</span>, founder and CEO of UiPath, <span class="xn-person">Brandon Deer</span>, VP of Operations and Strategy of UiPath and <span class="xn-person">Dylan Reider</span> of Crew Capital</li>
<li><span class="xn-person">Douglas Solomon</span>, former General Counsel, and <span class="xn-person">Ron Gill</span>, former CFO, NetSuite</li>
<li><span class="xn-person">Brad Lightcap</span>, CFO; <span class="xn-person">Jeanine Korovesis</span>, Controller; <span class="xn-person">Jason Kwon</span>, General Counsel, OpenAI</li>
</ul>
<p>Existing investors following on, include: <span class="xn-person">Elad Gil</span>, <span class="xn-person">Daniel Gross</span>, <span class="xn-person">Nat Friedman</span> and Picus Capital</p>
<p>Klarity was founded by <span class="xn-person">Harvard Law</span> and <span class="xn-org">MIT</span> graduates, <span class="xn-person">Ondrej Antos</span> and Nischal Nadhamuni. Since launching its flagship product, Klarity has grown its enterprise customer base from zero to 39 in a single year – a group that includes some of the most innovative and well-known software companies in the world. As the company has grown, so too has customer demand for new features and capabilities. With this significant cash infusion, Klarity will deliver further capability to midmarket and enterprise customers.</p>
<p>&#8220;This funding round represents a huge leap forward for Klarity and its customers, and a resounding vote of confidence for our platform. We are thrilled to welcome new investors onboard, and incredibly proud that our existing investors not only participated in this round but grew their investments exponentially,&#8221; said <span class="xn-person">Ondrej Antos</span>, CEO and co-founder of Klarity. &#8220;We&#8217;re excited to invest heavily in building a unique community for revenue accounting professionals, supporting our existing customers and continuing growing at an exponential pace,&#8221; added <span class="xn-person">Ondrej Antos</span>.</p>
<p>&#8220;What distinguishes Klarity from the competition is that our document intelligence platform is by far the most accurate in the world. Now, we&#8217;ll be able to increase our investment into our Artificial Intelligence platform and further solidify our position as a leader in document intelligence,&#8221; said Nischal Nadhamuni, CTO and Co-founder of Klarity.</p>
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