Commenda raises $9m for the first Al managed entity platform

We are proud to announce today our $9m in seed funding to build the world's first AI managed entity platform, led by Pelion Venture Partners and Bling Capital, with participation from Urban Innovation Fund, 1517 Fund, Boost VC, Former Yelp CFO Rob Krolik from Burst, Marcelo Lebre and other angels.

22% of companies that sell on Stripe see the majority of their activity outside their home country, and global hiring and selling platforms have shown that there is enormous pent-up demand for good solutions in this space.

We have already helped 500+ companies expand overseas seamlessly, including TRX Training, Exa, Remote, Razorpay, AVEA, and more.

Our solution lets companies like these incorporate entities in 74 countries and keep them automatically compliant across all of their filing obligations.

We are building freedom technology, which means that we are attacking it from both ends:

1. By solving the services piece with an end-to-end automated solution, companies that previously could not afford a fully managed solution are now able to.
2. We are building the largest index of government regulations and tax rules in the world, spanning every tax category and corporate statutory requirement.

We believe there are trillions of dollars in GDP which are currently pent up by the burden of overregulation, and our mission is to unlock that growth for the good of all free and open societies.

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