Fragment raises $12 million to help keep AI agents from going rogue with company money
The New York-based startup developed software that double-checks transaction math before payments can clear.
Fragment, a New York-based startup, has raised $12 million in Series A funding to develop software that helps AI agents safely handle financial tasks. Founded by CEO Thomas Neckel and CTO Varun Mohan, the company aims to reduce costly accounting errors linked to AI automation. The Series A round, led by FirstMark and BoxGroup, followed an $11 million seed round led by Stripe.
Fragment's software leverages double-entry accounting to verify the accuracy of financial transactions before money is processed. Through its tools, developers can integrate AI agents capable of handling billing and accounting, reducing the reliance on manual verification by staff. The startup has around 50-60 paying customers, including Ramp, BILL, and Whop.
As agentic commerce expands, Fragment seeks to become the standard toolkit for integrating financial capabilities into AI agents.
Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
