Concourse, a New York company that builds AI agents for corporate finance teams, raised $12m in a Series A round announced on 27 January 2026. Standard Capital led the round, with participation from Andreessen Horowitz, CRV and Y Combinator. Chief financial officers who are angel investors from Cursor, Vercel and Carta also took part. No valuation was disclosed.
The announcement coincided with the platform becoming generally available. According to the company, it had previously been available on a limited basis, with a waitlist of several thousand companies. Teams can now sign up for free, start in minutes and move to usage-based pricing.
“Finance teams have long been forced to choose between flexibility and automation.”Matthieu Hafemeister, CEO and Co-Founder, Concourse
What Concourse does
Concourse sells software agents that sit on top of a company's finance systems. The agents connect to tools such as QuickBooks, Ramp and Stripe, to CSV files, and to enterprise resource planning systems, billing systems, customer relationship tools, expense tools and data warehouses. Finance staff describe an analysis in plain language, and the agent produces the work, including presentation-ready reports. The company also offers proactive reporting agents that automate recurring analysis.
Each agent comes with a transparency panel that shows its reasoning, including the SQL and Python code behind its output. The company's own website describes pairing frontier AI models with deterministic code for calculations, with human review at chosen steps. It lists solutions for treasury, financial planning and analysis, accounting and internal audit, and a service called Concourse Enterprise in which former CFOs and forward-deployed AI engineers help customers build agents.
On security, the company cites SOC 2 Type II certification, encryption and support for SAML single sign-on. Its website also mentions SOC 1 Type II.
Customers and traction
Concourse names Palo Alto Networks, Front and Tecovas among customers whose finance teams used its agents before general availability, spanning Fortune 500 enterprises, unicorns and high-growth startups, according to the release. Its website also lists Lightmatter, Carrot and CurbWaste.
The company says customers cut manual work by up to 75% and produced several times more analysis within months of adopting the product. Pulse 2.0, which reported the round, put the figure at about six times more analysis. The same outlet reported that Concourse grew revenue 19-fold and its customer base 13-fold over the past year. These are company-reported figures that the sources do not break down further.
Who invested
Standard Capital's partners were quoted in the announcement. Dalton Caldwell, a co-founder and partner at the firm, said Concourse was the kind of company it likes to fund, with product-market fit and growing demand. Paul Buchheit, also a co-founder and partner, said Matthieu Hafemeister and Ted have already shown their agents deliver value within large enterprises.
Hafemeister is Concourse's chief executive and co-founder. Pulse 2.0 names Ted Michaels as the other co-founder. The sources do not state when the company was founded, how many people it employs, or how much it raised before this round.
What the money is for
Concourse said it will keep building agent capabilities for enterprise customers, widen access across the finance market, and invest in security, reliability and agent development. In the release, Hafemeister framed the product as a response to a long-standing trade-off, saying finance teams have long been forced to choose between flexibility and automation.
Company website: concourse.ai