Technical Accounting Meets Custom Artificial Intelligence

Founded: 2024

Invested: 2025

Categories: artificial intelligence, accounting technology, fintech

UpDraft is a virtual technical accounting expert and agentic work platform for corporate accounting teams and top accounting firms. Built on proprietary technology, UpDraft automates time-consuming workflows for experienced CPAs while reducing audit risk and was already recognized as a Top Accounting Tool in 2024 by AccountingToday.

Streamlining Technical Accounting for Mid-Market, Public, and Enterprise Accounting Teams

UpDraft analyzes complex transactions to ensure compliance with the FASB and other authoritative accounting regulations. UpDraft’s sector-agnostic, work-volume subscription model solves a critical pain point for both accounting firm partners and corporate controllers. One of its critical differentiators is Tim’s leadership–he knows this business as a top practitioner. As a leading technical advisory consultant himself, Tim understands first hand the rigor and compliance pressure of unique technical accounting issues. Prior to founding UpDraft, Tim spent 14 years working at top accounting firms including PwC and as a Managing Director at CFGI. His deep expertise in the space is complimented by his co-founder, Fernando Cabral. Fernando is a seasoned engineer who built and led engineering teams before tackling the big opportunities at UpDraft. 

Together, this dynamic duo secured annual contracts with keystone early customers including Embark, Stout and SolomonEdwards.