US-based AI tax solution startup Solomon Labs has secured an additional seed investment of USD 4.7 million (approximately KRW 6.5 billion) from Dunamu & Partners and Bass Ventures. This brings the company’s total seed funding to USD 14.5 million (approximately KRW 20.3 billion) from global VCs in both the United States and South Korea, just over a year after its founding.

Founded in 2024 and headquartered in New York, Solomon Labs is an AI agent company offering “Solomon AI,” a tax filing automation solution. In the U.S. market—where limited access to tax and accounting services is exacerbated by a shortage of certified public accountants (CPAs) and complex tax regulations—Solomon Labs automates everything from document collection and data extraction to tax return preparation. This reduces the time accounting firms spend per filing from over 5 hours to approximately 30 minutes.

Within just six months of launching its service, Solomon Labs achieved an annual recurring revenue (ARR) of $1 million, with a target of $3 million by the end of 2025. One U.S. client reported a 64% increase in on-time filings compared to the previous year after adopting Solomon AI, demonstrating significant productivity gains.

The newly secured capital will be used to enhance AI sub-classification models, improve the user interface (UI), expand support to more tax categories (e.g., student loans, alimony) and additional U.S. states

In the long term, the company plans to introduce data-driven tax filing optimization and personalized tax-saving strategy recommendations.

Im Soo-jin, Partner at Dunamu & Partners, stated “Solomon Labs combines technological differentiation with deep market understanding in AI-driven tax automation. We expect rapid U.S. market expansion and meaningful innovation in accounting firm operations.”

Ki-kyung Lee, CEO of Solomon Labs, commented “The investment from leading Korean VCs Dunamu & Partners and Bass Ventures reflects recognition of our technical capabilities and problem-solving skills. We will broaden AI-driven tax automation to enable more accounting firms to deliver high-quality services.”

Solomon Labs’ team includes top talent from Harvard, MIT, and major tech companies such as Microsoft and Amazon, with expertise spanning tax law, AI development and engineering, and product strategy. Leveraging this multidisciplinary strength, the company delivers a differentiated AI tax agent solution tailored for U.S. tax and accounting firms.