Quanta, a real-time accounting platform built for software companies, announced two major milestones. It secured a $15 million Series A funding round led by Accel and launched its new product, Prism.
The funding will accelerate Quanta’s mission to create a live, explainable system of record for finance, replacing the traditional weeks-long book closing process. The company will invest in expanding its platform and strengthening its accounting services. Quanta acts as a ledger, and its platform is able to ingest data directly, reconcile it continuously and ensure financial data is always current and trustworthy.
Prism is the agentic reporting layer of the platform, providing a real-time view of how a business actually runs. The solution provides finance teams with a live workspace to explore their books, trace numbers back to their sources and get auditable answers to complex financial questions. This new system is designed to close the gap between accounting and finance and enable real-time, strategic and intelligent decision making.
