Blue J, a Toronto-based company offering a generative AI solution for tax research, secured $122 million in a Series D funding round led by Oak HC/FT and Sapphire Ventures. Intrepid Growth Partners, Ten Coves Capital and CPA.com also participated in the capital raise, which Blue J plans to invest in team expansion, product development and market reach.
The Blue J platform is designed to deliver fast answers to conversational questions about complex tax issues and provide relevant source citations. Built on what the company describes as a “rigorously curated database,” the technology is able to handle questions focused on U.S., Canadian and U.K. tax law, and it continues to improve by learning from past queries.
“With this capital and industry support, we will accelerate innovation and deliver even greater value to tax professionals. We are building the future of tax. This is just the beginning,” Blue J CEO and Co-Founder Benjamin Alarie said in a statement.
