Finance leaders know they should be spending more time guiding business decisions, yet their teams spend most of their time shuffling data between systems and fixing spreadsheets. Maximor wants to change that. The company today announced a $9 million seed round to expand its finance automation platform — AI agents that plug into ERPs, payroll, billing, and bank systems to take on the repetitive accounting work and produce audit-ready outputs by default.
The round was led by Foundation Capital, with participation from Gaia Ventures (founded by SAP’s former Chief Strategy Officer) and Boldcap. Notable angels include Aravind Srinivas (CEO of Perplexity), Tien Tzuo (CEO of Zuora), and CFOs/finance leaders from Ramp, Gusto, Opendoor, MongoDB, and the Big Four.
Finance leaders today face a paradox: they’re expected to steer strategy while their teams are buried in reconciliations, close checklists, and fragmented systems. The talent pipeline of accountants is also at a breaking point—three-quarters of accountants are expected to retire by 2030, while fewer graduates enter the field. That leaves companies stretched thin, raising the odds of costly errors and slowing down audits.
Across its customer base, Maximor has delivered three strategic outcomes: ~40% more team capacity, freeing finance staff to focus on strategy, not mechanics, Cleaner audits and streamlined closes, reducing compliance and valuation risk; and Unified, cross-silo visibility across existing finance & operational systems – so finance leaders can make faster, better-informed decisions with AI’s reasoning capabilities
Proptech business Rently, with global operations across three countries, cut its month-end close from 8 days to 4 within the first month of using Maximor, while avoiding two incremental accounting hires for repetitive work. While, multi-billion-dollar AUM registered investment advisor business Invst was able to automate reconciliations, allocations, and reporting, unlocking advisor-level profitability insights that were previously impractical.
Maximor is not another point solution. It is a financial command center that connects both financial and operational systems—ERPs like NetSuite and Intacct, banks, payroll, CRMs, and SaaS data—into a single reconciled source of truth.
On this unified data foundation, Maximor deploys specialized finance agents across revenue, cash, close, and reporting. Powered by its proprietary Audit-Ready Agent™ architecture, these agents generate workpapers, reviewer notes, and audit trails by default. The result: automation that is natively explainable, compliant, secure and enterprise-grade—tailored to the exacting needs of the CFO’s office.
Co-founders Ramnandan Krishnamurthy and Ajay Krishna Amudan saw the problem firsthand while leading Microsoft’s digital transformation group and working with global corporate finance teams: despite millions poured into ERPs and accounting tools, technical limitations forced critical workflows back into spreadsheets—creating endless manual work, slow closes, and costly errors.
Maximor’s design philosophy, “Design for Progress” reflects its commitment to helping finance leaders build financially progressive companies: outcome-assured automation adapted to each organization’s finance ops style, not a one-size-fits-all template.
Over the last two decades, financial software has over-promised and under-delivered, fragmenting workflows across point tools with no intelligence baked in. Unlike point tools that automate fragments, Maximor is the only platform built to automate finance processes end-to-end—”cradle to grave”—with enterprise-grade control. It uniquely combines a unified finance context layer with a specialized system of agents, powered by its Audit-Ready Agent™ architecture – delivering CFOs automation with evidence, not just speed.
Maximor is expanding in three directions: Deeper automation across the breadth of repetitive accounting flows, Vertical modules tailored for specific sectors with high urgency to adopt; and Strategic finance insights that move teams from reactive reporting to proactive scenario planning and decision support. The vision: an always-on, audit-ready AI-powered finance team for every mid-market and enterprise company.
New Spearphishing Attacks Uses DarkCloud Infostealer to Steal Credentials
Posted in Commentary with tags Hacked on September 30, 2025 by itnerdResearchers have uncovered new spearphishing campaign that leverages the DarkCloud Infostealer to steal FTP credentials, keystrokes and other information. You can find out more details about this campaign here: https://www.esentire.com/blog/eye-of-the-storm-analyzing-darkclouds-latest-capabilities
Henrique Teixeira, SVP of Strategy at Saviynt, commented:
“Infostealers are a type of malware often specifically designed to steal user credential data. 46% of the time, infostealers are running in employee devices not managed by their employers (https://www.verizon.com/business/resources/infographics/2025-dbir-infographic.pdf). While it’s important to stay aware of new versions and campaigns utilizing these vectors, it’s even more critical for cybersecurity and identity leaders to understand the full attack chain of these modern campaigns.
“Data stolen by infostealers is typically sold later to other criminals via Initial Access Brokers (IABs) on the dark web. However, this isn’t the only method used to gain access to organizations. As we’ve seen recently, these groups often employ a multi-pronged approach that can include extortion, social engineering, and compromising third-party access. AI has also risen in the methods of cyber attacks. Therefore, a more complete strategy to protect and defend against modern attacks requires understanding their anatomy and recognizing that credential abuse is the #1 vector of attack, and a low hanging fruit for attackers (and defenders).
“This attack highlights the importance of being able to measure and understand the current state of identity controls, and how resilient and prepared organizations are. This includes implementing least privilege principles for all accounts, discovering and removing long-standing privileges, and avoiding static and long-lived tokens. Identity security also needs to be applied to machine identities, or non-human identities (NHIs). Research shows that, in fact, 80% of the most recent identity-based attacks compromise non-human accounts instead of human ones ([https://nhimg.org/the-ultimate-guide-to-non-human-identities](https://nhimg.org/the-ultimate-guide-to-non-human-identities)).”
Since spearpishing is a highly targeted attack, it illustrates how careful that you have to be in order to not become a victim of such an attack. Thus consider yourself warned and act accordingly. This article will help you with that: https://www.fortinet.com/resources/cyberglossary/spear-phishing
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