Solomon Labs (CEO Lee Ki-kyung), a tax AI solution company, announced on the 6th that it has signed an enterprise contract worth over $1 million with a top-tier US accounting firm and will provide its solution, ‘Solomon AI.’
This contract is an enterprise-level agreement concluded approximately one year after Solomon Labs launched its AI agent solution for individual income tax filing in the U.S. market, and is considered a case that simultaneously demonstrates product perfection and market expansion speed.
The contracted accounting firm is ranked among the top 25 in the United States, boasting a competitive edge in individual income tax filings and providing accounting and tax services from approximately 40 offices across the United States. Through the contract, approximately 3,000 employees will utilize Solomon AI to automate the preparation of individual income tax returns.
This contract was secured through leveraging the network of the US venture capital firm Bessemer Venture Partners. Bessemer Venture Partners served on Solomon Labs' board of directors and leveraged its network across the US accounting and tax industry to establish initial contacts. The contract was finalized after product performance verification and practical applicability assessment.
During the pilot test period, Solomon Labs validated AI performance based on approximately 4,000 actual tax returns and incorporated accountant feedback to improve agent functions and the workflow-centric UI. Test participants gave positive feedback regarding the improved work efficiency.
“With the introduction of Solomon AI, we expect to streamline the tax filing process and provide more professional tax services to taxpayers,” said the general partner of the accounting firm that signed the contract.
“This contract is a case where Solomon AI’s practical utility and reliability have been verified in the market,” said Lee Ki-kyung, CEO of Solomon Labs. “We will continue to advance AI automation technology optimized for the U.S. tax practice environment.”
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