Funding
Clark Raises $11M Seed to Bring AI Audit Employees to More CPA Firms
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Clark launched Clerks, which it describes as autonomous AI employees for CPA-firm audit work, and announced an $11 million seed round on November 2, 2026. Touring Capital led the round, joined by returning investors Marathon Management Partners, Rerail and Sofeon Ventures.
In a release distributed by PR Newswire, Clark said the financing, together with a $5 million round led by Marathon Management Partners in September 2025, brings its total funding to $16 million. The New York-based company, formerly known as uiAgent, builds AI for professional services firms, starting with audit and assurance.
How Clerks Handle Audit Work
Each Clerk is assigned to an engagement in the manner of a staff auditor and works through audit areas from start to finish, according to Clark. Its tasks include reviewing documents, performing tests and preparing workpapers. When information is missing, a Clerk requests it from the client, tracks the response and resumes the work when the information arrives without requiring another prompt.
Clerks run on Material Intelligence, Clark’s AI operating system for agents. Clark describes the system as combining an agent harness, document processing and a multi-layered memory system modeled on human memory so that a Clerk can carry context forward. Routine updates are handled quietly, while matters requiring an auditor’s attention are escalated with evidence attached. Licensed CPAs retain responsibility for professional judgments, review the work and sign the audit opinion.
Adoption and Guarantees
Clark reports that more than 35 CPA firms use its technology on audits, including CliftonLarsonAllen, Aprio, Kreischer Miler and Sensiba. The company said it measures success by how much time auditors no longer spend chasing documents and how much more time they spend on questions requiring judgment, rather than by the number of alerts its AI produces.
Clark said it offers CPA firms a 100% accuracy guarantee and a peer review guarantee. Founder and CEO Enes Witwit said an accuracy promise only has meaning when money stands behind it, and that the company whose AI performs the work should answer for it.
Touring Capital co-founder and general partner Priya Saiprasad described assurance as a trust business and said AI creates an opportunity to expand what CPA firms can accomplish without compromising that trust. She characterized Clerks’ ability to advance engagements, coordinate with clients and act as information arrives as the foundation for a new operating model for assurance.
Funding Plans and Continuous Monitoring
Clark plans to use the seed capital to expand its senior product, engineering and sales teams, bring Clerks to more firms and types of engagements, help CPA firms extend audit services into government, and build toward fully autonomous audit employees.
The company is also working toward continuous monitoring that keeps findings current between audits. Under the design Clark described, each finding would state its coverage and when it was last checked. The stated goal is for a firm to tell a client, regulator or the public what is true now, rather than only what was true at year-end. Clark connects that roadmap to its mission of making it possible to verify the economy in real time.
The funding supports both wider deployment of Clerks and the monitoring roadmap, while licensed CPAs retain professional judgments, review and sign-off in the product model Clark described.
