Solomon Labs, an AI tax agent company, announced that it has secured seed investment from BASS Ventures. The investment amount remains undisclosed.

Based in New York, USA, Solomon Labs was established with the slogan ‘Pioneering the Future of Tax Practice,’ aiming to innovate tax practice. The company is developing AI-based agents to help tax professionals handle complex tax law research and filing processes more efficiently and accurately. Recently, Solomon Labs has expanded beyond basic tax law research to optimize tax filing and propose tax-saving strategies.

The co-founding members of Solomon Labs comprise graduates from prestigious universities including Harvard, MIT, Yale, and UPenn, with experience at global tech companies such as Microsoft, Google, Meta, and DoorDash. CEO Ki-kyung Lee from Harvard Law School and Jonathan Choi from Yale Law School combine their deep understanding of tax law with AI technology expertise in key roles.

The technical development is led by Dong-kyu Lim, with Je-wan Han as Engineering Lead, and Hye-young Shin in charge of AI application research, each bringing their expertise to the venture. Recently, Jae-yong Shin, with experience at PwC, has joined to lead product strategy, accelerating the development of their unique tax AI agent solution.

Solomon Labs’ advantages include: first, a proprietary AI-based knowledge graph that encompasses federal tax law and accurately reflects relationships between complex rules; second, benchmark data proving more than twice the accuracy and utility compared to world-class large language models; and third, SOC2-certified data security framework ensuring customer privacy and confidentiality.

BASS Ventures explained their investment, stating, “The Solomon Labs team has the potential to transform the tax industry with their AI technology and tax law expertise. The team’s diversity and technical capabilities are particularly impressive, and we expect them to pioneer a new market for tax filing and optimization AI agents.”

With this investment, Solomon Labs plans to enhance its AI-based tax filing platform, expand market presence, and provide stronger tools for tax professionals. CEO Ki-kyung Lee stated, “Solomon Labs aims to support tax professionals in conducting complex tax law research and filing processes more easily and efficiently. Our AI agents will earn client trust through accuracy and security, maximizing the value of tax work by proposing tax-saving strategies. Through this investment, we will strengthen Solomon Labs’ position in the global market.”