PANews, November 19 – AI-native tax engine startup Sphere announced the completion of a $21 million Series A funding round, led by a16z, with participation from Y Combinator, Felicis, 20VC, and others. Sphere leverages AI to automatically interpret global tax laws and achieves end-to-end tax compliance automation needed for corporate global expansion through over 100 local tax filing channels, being hailed as the “tax version of Deel.” The system is designed specifically for cross-border income compliance, aiming to enable businesses to “operate globally” from day one.
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AI-native tax engine company Sphere has completed a $21 million Series A funding round, led by a16z.
PANews, November 19 – AI-native tax engine startup Sphere announced the completion of a $21 million Series A funding round, led by a16z, with participation from Y Combinator, Felicis, 20VC, and others. Sphere leverages AI to automatically interpret global tax laws and achieves end-to-end tax compliance automation needed for corporate global expansion through over 100 local tax filing channels, being hailed as the “tax version of Deel.” The system is designed specifically for cross-border income compliance, aiming to enable businesses to “operate globally” from day one.