Copenhagen AI accounting startup Sumary raises $25 million seed round

Sumary, a Copenhagen-based provider of AI-powered accounting software, has raised $25 million in seed funding. Singular led the round. Existing investors byFounders, Partech and Tenity took part, along with a group of angel investors. No further detail on the company's product, customers or plans for the money is given.

The same piece also covers other AI funding deals. WhiteMatter, based in San Francisco and Austin, Texas, builds security and governance software for enterprise AI agents. It raised $20 million in Series A funding led by Blumberg Capital, with existing investors Crew Capital and Sprout & Oak joining.

Rox, an AI sales startup, raised $100 million in Series B funding at a $1.3 billion valuation, as it told Fortune exclusively. General Catalyst and March Capital co-led the round. Sequoia and GV returned as investors, and Prosperity7 joined as a new one.

Rox's pitch is that AI-native startups can build around agents from the start instead of retrofitting them into older software. Its Bhargava used a house analogy: adding an agent to legacy software is like putting one more floor on an existing house, while an AI-native product is designed from the beginning as a four-floor home. He described this as a large opportunity to start with a fresh code base built around large language models, and said such products are ultimately better.

For the Danish and Nordic AI scene, the Sumary round is a sizable early-stage investment in a Copenhagen company applying AI to accounting, backed by a mix of Nordic and European investors alongside Singular.