Despite billions spent on financial software, many finance teams still rely heavily on Excel to close their books, reconcile transactions, and prepare audit records. Two former Microsoft executives see this as a critical inefficiency and have launched Maximor, an AI-driven platform designed to automate much of the manual work finance teams perform.
The New York and Bengaluru-based startup has emerged from stealth with a $9 million seed round led by Foundation Capital, bringing its total funding to $33.3 million when combined with a pre-seed raise earlier this year.
Maximor uses a network of AI agents that plug directly into ERP, CRM, payroll, and accounting systems such as NetSuite, Intacct, QuickBooks, and Zoho Books. These agents continuously pull transactions, generate workpapers, reviewer notes, and audit trails, delivering real-time financial visibility and reducing the time needed for month-end closings.
Early customer Rently, a proptech firm, said Maximor’s system cut its closing time from eight days to four while eliminating the need for two new accounting hires. CFO Dustin Neel added that the platform freed nearly half the team’s time for strategic work.
While Maximor’s goal is to reduce dependency on Excel, it still allows reconciled data to be exported into spreadsheets, recognizing auditors and accountants’ familiarity with the format.
Co-founder and CEO Ramnandan Krishnamurthy, who previously led finance and data projects at Microsoft for clients such as Coca-Cola, described the agents as digital “preparers,” while human reviewers provide oversight. His co-founder, CTO Ajay Krishna Amudan, also spent years at Microsoft revamping revenue systems. The pair first met as students at IIT-Madras and have worked together for 14 years.
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Backing Maximor are industry leaders including CFOs from Ramp, Gusto, MongoDB, Zuora, and investors such as Perplexity CEO Aravind Srinivas and Zuora CEO Tien Tzuo. Institutional investors Gaia Ventures and Boldcap also participated.
With 18 employees split between the U.S. and India, Maximor is hiring aggressively and targeting enterprises with at least $50 million in revenue. The platform supports both GAAP and IFRS standards, positioning it for multinational adoption.
Krishnamurthy says Maximor’s mission is clear: “Finance teams shouldn’t spend half their month fixing spreadsheets. AI agents can take on that grunt work so people can focus on strategy.”
