Ian Crosby, reeling from Bench Accounting’s 2024 shutdown and sale for scraps, is raising $10 million for a new venture called Synthetic. The company aims to deliver a fully autonomous AI bookkeeper for startups, producing accrual-based financials without human involvement. Though the product is still in design and Crosby admits it may not yet be technically possible, Khosla Ventures is leading the Seed round, arguing that founders can grow from past failures.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
