Khosla Ventures invests $10m in Ian Crosby's new AI startup
Khosla Ventures has invested $10 million in Ian Crosby’s new startup, Synthetic, which is developing an autonomous AI-based accounting service for startups.
What happened?
Khosla Ventures has announced a $10 million investment in Synthetic. The company is led by Ian Crosby, who previously founded Bench.ai, an accounting firm that ceased operations. Synthetic aims to develop a fully autonomous AI-driven accounting service specifically targeted at other startups.
Key facts
| Investeringsbelopp | 10 miljoner dollar |
|---|---|
| Startup | Synthetic |
| Investerare | Khosla Ventures |
| Grundare | Ian Crosby |
| Datum för artikel | 14 maj 2026 |
”Crosby is building Synthetic, a fully autonomous AI bookkeeping service for other startups.”
Why it matters
The investment highlights continued interest from venture capital firms in AI-driven solutions within business services, despite previous setbacks. Khosla Ventures' backing of Crosby indicates a belief in the founder's ability to innovate within the financial technology sector, focusing on automation via artificial intelligence.
Who is affected?
The investment affects the venture capital landscape, AI developers specialising in financial services, and startups that could potentially benefit from automated accounting solutions. Ian Crosby as founder and Khosla Ventures as investor are directly involved.
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