Sphere, which raised a $4.3M seed as an edtech marketplace, pivots and raised a $21M Series A led by a16z to develop an AI tax compliance software service (Dominic-Madori Davis/TechCrunch)

TechmemeTuesday, November 18, 2025 at 5:11:03 PM
Sphere, which raised a $4.3M seed as an edtech marketplace, pivots and raised a $21M Series A led by a16z to develop an AI tax compliance software service (Dominic-Madori Davis/TechCrunch)
  • Sphere has transitioned from an edtech marketplace to an AI tax compliance software service, raising $21 million in Series A funding led by a16z. This pivot follows the founder's experiences with tax challenges in his previous startup, ScholarSite.
  • The new funding will enable Sphere to enhance its technology and address the significant market need for efficient tax compliance solutions, potentially positioning the company as a leader in this niche sector.
  • This development reflects a broader trend in the tech industry where startups are increasingly focusing on AI-driven solutions to solve complex regulatory challenges, similar to other successful ventures like Harvey, which recently raised substantial funding for legal AI solutions.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Digg launches its new Reddit rival to the public
NeutralArtificial Intelligence
Digg has officially launched its new platform, positioning itself as a competitor to Reddit, focusing on community engagement and user interaction. This marks a significant reboot of the earlier social news site, aiming to attract users seeking alternative social media experiences.
Bandcamp takes a stand against AI music, banning it from the platform
PositiveArtificial Intelligence
Bandcamp has officially banned music that is created wholly or in substantial part by artificial intelligence, emphasizing its commitment to ensuring that the music on its platform is authentically human-made. This decision reflects the company's desire to maintain trust among fans and support musicians in their creative endeavors.
Gemini’s new beta feature provides proactive responses based on your photos, emails, and more
NeutralArtificial Intelligence
Google has launched a new beta feature for its AI model, Gemini, called 'Personal Intelligence,' which allows the AI to proactively respond to users by analyzing their emails, photos, and other data, contingent on user consent. This feature is currently off by default, giving users control over their data integration with Gemini.
AI security firm, depthfirst, announces $40 million Series A
PositiveArtificial Intelligence
AI security firm depthfirst has announced the successful completion of a $40 million Series A funding round, aimed at enhancing its AI-native platform to combat security threats faced by companies. The funding was led by Accel, with a focus on long-term investment in the firm's growth.

Ready to build your own newsroom?

Subscribe to unlock a personalised feed, podcasts, newsletters, and notifications tailored to the topics you actually care about