AI Bookkeeping Startup Synthetic Raises $10M to Automate Software Startup Accounting

San Francisco-based Synthetic closed a $10 million seed round led by Khosla Ventures to automate bookkeeping for software startups. The AI system targets revenue recognition complexity inherent in subscription models, usage-based billing, and multi-currency operations—challenges that generic accounting software handles poorly. CEO Ian Crosby's company aims to eliminate human oversight in categorization and reconciliation, addressing a market segment where finance teams remain costly overhead.