Blue J raises $176M to expand AI tools for tax work
Image: Primary Toronto-based Blue J raised $176M in a Series E led by JMI Equity, valuing the tax AI company at more than $700M. Existing investors Oak HC/FT and Sapphire Ventures participated alongside Intrepid Growth Partners, and JMI principal Jack Duane will join the board.
Most of the money will go toward Workflows, AI agents designed to check tax returns, draft responses to IRS letters and review partnership and trust agreements. Tasks include sources and a record of the AI's steps so tax professionals can review the work and make final decisions.
Blue J will also fund expansion in the UK and other markets. More than 6,500 organisations use its software.
Sources
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