Sumary
Denmark · AI · Fintech
Sumary develops AI software that prepares accounting work for firms to review and approve.
Product
Sumary helps accounting firms prepare work across their clients and existing accounting systems. Its AI software handles monthly closes, VAT returns and year-end preparation, with accountants reviewing and signing off the results.
The platform can answer questions about a client’s profit and loss, balance sheet and cash flow, tracing answers to underlying transactions. Its research team tests models on accounting tasks and builds the checks and safeguards around their outputs.
Sumary was founded in Copenhagen by Pascar Sivam, Bastian Schneider, Lucas Rantzau, Frederik Hvilshøj and Frederik Skov Wacher. Customers include Deloitte, Grant Thornton and Baker Tilly. Product, engineering and AI research are based in Copenhagen, with London serving as its commercial hub.
Funding history
2 rounds · 2 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Seed | $25M | Singular — LeadBen Freeman — ParticipantbyFounders — ParticipantJannick Malling — ParticipantPartech — ParticipantStanislas Polu — ParticipantSteffen Tjerrild — ParticipantSteve Anavi — ParticipantTenity — ParticipantTuomas Artman — Participant | |
| Pre-seed | DKK 27M | byFounders — LeadChristian Rasmussen — ParticipantMorten Primdahl — ParticipantPartech — ParticipantTenity — Participant |