Ian Crosby's Synthetic: AI Accounting Startup Lands $10M Seed

Ian Crosby has launched Synthetic, his third accounting startup, aiming to create autonomous bookkeeping using AI. He acknowledges he's unsure if this ambitious goal is even possible. Synthetic proposes an AI agent that automatically handles a software business's books by connecting to banking, payroll, billing systems, and inboxes. The system would then ask human bosses clarifying questions to fill in any gaps. Crosby compares this to a truly autonomous system, where the AI is fully responsible, unlike assistive tools. What's interesting is that Synthetic has already secured $10 million USD in seed funding. This funding was led by Khosla Ventures and includes backing from prominent angels like Shopify CEO Tobi Lütke. Despite the challenges, investors are clearly confident in Crosby's vision. This development could significantly change how businesses manage their finances.