News Summary

Former Microsoft executives Ramnandan Krishnamurthy and Ajay Krishna Amudan have launched Maximor, a startup aimed at transforming finance operations by replacing Excel spreadsheets with AI agents. The company has emerged from stealth with a $9 million seed round led by Foundation Capital. Maximor’s platform connects directly to ERP, CRM, and billing systems, providing real-time financial visibility and reducing the time needed for month-end closures. Proptech firm Rently, an early customer, reported cutting its closing time from eight days to four. Maximor’s platform is designed to support global enterprises, adhering to both GAAP and IFRS standards, and is already being used by companies in the U.S., China, and India.