Fieldguide raises USD $75m to expand agentic AI in audit
Fieldguide has raised USD $75 million in a Series C funding round led by Growth Equity at Goldman Sachs Alternatives, as the company targets wider use of agentic AI in audit and advisory work.
Geodesic joined the round as a new investor. Existing investors Bessemer Venture Partners, 8VC and Thomson Reuters also participated. Fieldguide said the financing takes its total funding to USD $125 million and values the business at USD $700 million.
Fieldguide sells software for audit and advisory firms. It positions the product around agentic AI and human-led oversight in regulated environments. The company said it has built governance and traceability into engagement work.
Capacity pressure
Fieldguide framed the market opportunity around staffing constraints in the accounting profession and rising demand for assurance and advisory services. It cited a decline in the supply of qualified professionals and increasing regulatory requirements.
The company said CPA exam candidates are at a 17-year low. It also said up to 75% of today's CPAs could retire over the next decade. Fieldguide added that industry experts estimate an existing shortfall of about 125 million hours of capacity, which it equated to more than USD $25 billion in unmet demand. It said the gap could reach around 600 million hours and more than USD $230 billion annually by 2030.
Product approach
Fieldguide's platform embeds AI agents directly into engagement execution. The agents carry out high-volume work and repeatable processes. They also handle data-intensive tasks across the lifecycle of an audit or advisory engagement.
The company described the system as part of an engagement team. It said that the model shifts time towards review and judgment work. It also said it leaves more time for client relationships and advisory work.
Goldman Sachs Alternatives said it views the approach as a change in how firms deliver audit and advisory engagements. "The future of audit and advisory depends on how effectively firms combine human judgment with AI-driven execution," said Harris Pollack, Vice President with Growth Equity at Goldman Sachs Alternatives. "Fieldguide embeds AI and agentic workflows directly into how engagements are delivered - helping firms move faster while maintaining the standards that the profession depends on. This establishes a new foundation for how the audit and advisory industry will operate."
Firm adoption
Fieldguide said half of the Top 100 US accounting firms use its product, including members of the Big Four. It also named customers that include RSM US, Baker Tilly, CBIZ, BDO, Grant Thornton, Forvis Mazars, CLA, CohnReznick and Wipfli.
KPMG described its use of software agents in audit work. "KPMG is professionalising agents to simplify data collection and accelerate execution-empowering our professionals to deliver next-generation quality," said Brian Fields, Enterprise Innovation Leader at KPMG. "Our relationship with Fieldguide reflects our commitment to a future where our people work alongside agents to deliver trusted insights and a differentiated client experience."
Fieldguide also highlighted use by mid-market firms. "We're extremely pleased with our decision to partner with Fieldguide," said Mark Hinsen, Partner-in-Charge of Audit and Assurance at Anders CPA. "Fieldguide made the onboarding process easy and straightforward, and we believe their AI agents will play an important role in improving efficiency across our financial audits. This should translate into better use of our people's time, allowing auditors to focus more on judgment, review, and client relationships instead of manual execution."
Regulated workflows
Fieldguide said it built its product for regulated environments. It said every engagement includes human oversight. It also said governance and traceability sit alongside execution tasks. The company linked that design to audit requirements around documentation and accountability.
Fieldguide said it plans to scale its model following the funding round.
"We built Fieldguide to support the people doing this work, and to solve a structural problem in the profession," said Jin Chang, Co-Founder and CEO of Fieldguide and former CPA. "This funding allows us to scale a proven model where agentic AI and human experts work together to increase capacity, elevate quality, and build a more sustainable future for audit and advisory."