Former Microsoft execs launch AI agents to end Excel-led finance

Maximor, a new startup founded by former Microsoft executives, has launched an AI-powered platform to automate finance tasks and reduce reliance on Excel spreadsheets. The platform, designed for finance teams, uses human-in-the-loop AI agents to handle repetitive and time-consuming tasks, such as data entry, analysis, and reporting. The company claims that its technology can significantly improve efficiency and productivity in finance departments, freeing up employees to focus on more strategic and value-added work. Maximor's platform integrates with existing financial systems and data sources, allowing it to automate a wide range of finance-related tasks. The startup has raised $20 million in seed funding from venture capital firms, indicating investor confidence in the potential of the technology to disrupt the finance industry. Maximor's founders believe that their solution can help organizations move away from the traditional reliance on Excel spreadsheets, which can be error-prone and time-consuming, towards a more streamlined and efficient finance operation.