Danish startup Light raises $30 million in Series A funding to automate finance and accounting functions using AI. Investors include Balderton Capital and Hugging Face co-founder Thomas Wolf. The company plans to expand to London and New York to meet U.S. demand. Other startups like Pigment and Pennylane also using AI in finance.

Light aims to help fast-growing companies with streamlined finance processes. CEO Jonathan Sanders sees AI transforming how businesses handle finances, making tasks like policy analysis more efficient. The company targets enterprise-level customers with cumbersome workflows. Industry giants like Microsoft, Oracle, and SAP dominate the finance software market. Light serves companies like Lovable and Sana Labs.

Read more at CNBC: AI finance startup Light raises funding from Revolut backer Balderton