# TAX AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tax-ai

- Industry: Software
- Headquarters: Busan, South Korea
- Website: www.taxai.kr/
- Total disclosed funding: $0.2M
- Latest round: Seed (Jul 9, 2024)
- Investors on record: 1

## About

Based in Busan. South Korea, founded in 2021, NEWEYE Corporation Co., Ltd., doing business as Tax AI, specializing in real estate taxes like capital gains tax, acquisition tax, and real estate holding tax. The platform automates tax calculation and simulation, streamlining the tax assessment process and offering personalized tax-saving strategies to adapt to evolving tax laws. In July 2024, TAX AI raised KRW 300 million in seed funding from investor Series Ventures. As of July 2024, the company is led by CEO Nan Yi Kim and Dong Hyun Kim.
 
Tax AI offers a suite of products designed to address various aspects of tax calculation and planning. The core product is an AI-powered tax calculator, which provides automated judgments on various taxation types, including residential and non-residential real estate transfer taxes. This tool supports users in calculating the tax implications of different real estate transactions, including sales, inheritances, and gifts. Additionally, the company also provides a comprehensive tax simulation service. This feature allows users to model different tax scenarios and compare tax liabilities based on varying factors such as property type and transaction conditions. Furthermore, TAX AI’s platform includes automatic updates to reflect the changes in tax laws, ensuring users receive the relevant information.

## Funding rounds

- Seed, Jul 9, 2024, $0.2M — Series Ventures

## Investors

- Series Ventures (https://capitalatlas.ai/funds/series-ventures) — Seed