Source: blueJ
Blue J, a GenAI tax research platform, announced it has raised $122 million in U.S. dollars in a Series D funding round led by Oak HC/FT and Sapphire Ventures, with participation from Intrepid Growth Partners, and previous investors Ten Coves Capital and CPA.com. Coming seven months after Blue J’s Series C round, this investment signals a clear market consensus that Blue J is the breakout winner in its category.
Blue J’s platform leverages advanced generative AI to deliver instant, reliable answers to complex tax questions spanning U.S. federal, state, and local tax (SALT), as well as Canadian and UK tax law. Built on a rigorously curated database of authoritative tax law, Blue J’s system continuously improves by learning from millions of user queries each year. The result: practitioners can navigate even the most challenging tax issues with unmatched confidence and speed.
“We’re thrilled to partner with Sapphire Ventures, Oak HC/FT, Ten Coves, CPA.com, and Intrepid Growth Partners — firms with exceptional track records of backing market-defining companies,” said Benjamin Alarie, CEO and co-founder of Blue J. “Their commitment is a powerful endorsement of our vision to transform tax research. 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 is exactly what we look for in vertical AI: deep domain expertise, proprietary data and a product that drives meaningful business impact,” said Cathy Gao, Partner at Sapphire Ventures and Blue J’s newest board member. “By applying generative AI to decades of tax rulings, Blue J reduces research that once took hours to just minutes. It’s already trusted by enterprise clients, embraced by top firms, and loved by many practitioners. We believe their momentum shows the industry is ready, and we’re proud to back Blue J as they build the operating layer for global tax cognition.”
Read the full article: https://www.bluej.com/blog/blue-j-announces-122m-series-d-financing-led-by-oak-hc-ft-and-sapphire-ventures
