Synthetic
Summary active Updated May 15, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Synthetic is a fully autonomous AI bookkeeping service founded by Ian Crosby, who previously co-founded Bench Accounting, North America’s largest small-business bookkeeping service 12. The platform connects directly to a customer’s banks, payroll systems, billing systems, and inboxes, asks clarifying questions to learn the business context, and returns a clean set of accrual-basis books ready for a tax preparer — without employing any human bookkeepers or accountants 12. Pricing starts at $49 per month, roughly a quarter of the cost of a human-staffed service 12. The $10M seed round announced on May 14, 2026 was led by Khosla Ventures with participation from Basis Set Ventures and operator-investors including Tobi Lütke (CEO of Shopify) and Kaz Nejatian (CEO of Opendoor) 123.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-05-14 | Seed | $10M | Khosla Ventures | Basis Set Ventures, Tobi Lütke, Kaz Nejatian, Zach Abrams, Cosmin Nicolaescu, Michael Tannenbaum 123 |
What Investors Say
Jon Chu of Khosla Ventures cited Ian Crosby’s “resilience and grit that’s been forged through multiple founding experiences” as part of the firm’s rationale for backing Synthetic 2.
What Founders Say
No independently sourced founder commentary beyond the press release is available at this time.
Sources
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TechCrunch, “Khosla Ventures is betting $10M on Ian Crosby, whose first startup, Bench, imploded,” May 14, 2026. Accessed May 2026. https://techcrunch.com/2026/05/14/khosla-ventures-is-betting-10m-on-ian-crosby-whose-last-startup-bench-imploded/↩↩↩↩↩
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Pulse 2.0, “Synthetic: $10 Million Seed Raised For AI Bookkeeping Platform For Software Startups,” May 14, 2026. Accessed May 2026. https://pulse2.com/synthetic-10-million-seed-raised-for-ai-bookkeeping-platform-for-software-startups/↩↩↩↩↩↩
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Synthetic press release via Business Wire, “Synthetic Raises $10M Seed Led by Khosla Ventures,” May 14, 2026. Accessed May 2026. https://www.businesswire.com/news/home/20260514241304/en/Synthetic-Raises-$10M-Seed-Led-by-Khosla-Ventures↩↩