Blaze O'Byrne, CEO and co-founder, of Byron.
Byron, an artificial intelligence agent platform for tax preparation, announced its public launch Wednesday.
The platform comprises a system of AI agents meant to be used in the business tax preparation workflow of CPA firms.
Byron's $6.5 million seed round was led by Square Peg, with participation from Sorenson Capital and Liquid2 Ventures.
Byron, based in San Francisco, is designed to integrate with the CPAs' systems to support 1065, 1120 and 1120-S business tax returns.
Byron is SOC 2 Type II compliant, with encryption in transit and at rest, U.S.-based data hosting and role-based access controls. Customer data is not used to train underlying models, every output links back to its source and every workflow is logged for auditability and review, according to a statement.
Byron was built by AI and accounting experts from Amazon's Artificial General Intelligence team and Deloitte.
Blaze O'Byrne, CEO and co-founder of Byron, told ThinkAdvisor that the platform began building the product in September and the first clients went live in January.
"Our initial clients helped shape the product direction and worked alongside us to add new features that enhanced the level of automation," he said.
O'Byrne said Byron created steps throughout the process that are "rigorously tested."
"If an agent has an issue at a particular step, we bring the CPA back in before it moves on to the next step in the process," he said.
While AI is notoriously shaky when it comes to math, O'Byrne said the platform uses tools like the Python programming language to do the calculations.
"Our agents are focused on executing tasks across the workflow, while also leveraging different tools to make sure we get accurate math and minimal hallucinations," he said.
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