Marble, a startup building artificial intelligence agents for tax professionals, has raised $9 million in seed funding as the accounting industry grapples with a deepening labor shortage and mounting regulatory complexity.The round, led by Susa Ventures with participation from MXV Capital and Konrad Capital, positions Marble to compete in a market where AI adoption has lagged significantly behind other knowledge industries like law and software development.”When we looked at the economy and asked ourselves where AI is going to transform the way businesses operate, we focused on knowledge industries — specifically businesses with hourly fee-based service models,” said Bhavin Shah, Marble’s chief executive officer, in an exclusive interview with VentureBeat. “Accounting generates $250 billion in fee-based billing in the US every year. There’s a tremendous opportunity to increase efficiency and improve margins for accounting firms.”The company has launched a free AI-powered tax research tool on its website that converts complex government tax data into accessible, citation-backed answers for practitioners. Marble plans to expand into AI agents that can analyze compliance scenarios and eventually automate portions of tax preparation workflows.Marble’s backers share Shah’s conviction about the market. “Marble is rethinking the accounting system from the ground up. Accounting is one of the biggest — and most overlooked — markets in professional services,” Chad Byers, general partner at Susa Ventures, told VentureBeat. “We’ve known Bhavin from his time as an executive in the Susa portfolio, and have seen firsthand how sharp and execution-driven he is. He and Geordie bring the perfect mix of operational depth and product instinct to a space long overdue for change — and they see the same massive opportunity we do.”The accounting industry l …
