Clark Raises $11 Million and Launches AI Audit Clerks
Clark launches Clerks, AI agents that perform audit work for CPA firms, and raises an $11 million seed round, the company said in a press release. Touring Capital led the round, with participation from Marathon Management Partners, Rerail and Sofeon Ventures, bringing Clark's total funding to $16 million.
Clerks review documents, perform tests, prepare workpapers and request missing information from clients. The agents resume work when information arrives and escalate issues with supporting evidence. Licensed CPAs remain responsible for professional judgments, reviews and audit opinions.
Clark says more than 35 CPA firms use its software. The company will use the funding to expand its senior team across product, engineering and sales, expand Clerks to more firms and audit types, and develop continuous monitoring between audits.
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