Solomon Labs, a tax-specialized AI agent company, announced that it has attracted investment from Base Ventures. Solomon Labs was established with the goal of revolutionizing tax practice under the slogan “Pioneering the Future of Tax Practice,” and is developing an AI-based agent that helps tax professionals efficiently and accurately handle tax law research and reporting tasks.
In particular, Solomon Labs recently announced its expansion beyond simple tax law research into a specialized AI agent that suggests tax reporting optimization and tax saving strategies, suggesting a new direction for the tax industry.
Solomon Labs is comprised of experts with backgrounds in global big tech companies such as Microsoft, Google, Meta, and DoorDash, and is comprised of talents from top universities around the world, including Harvard, MIT, Yale, and UPenn. CEO Lee Ki-kyung and Jonathan Choi, who graduated from Harvard Law School and Yale Law School, respectively, are playing key roles by combining a deep understanding of tax law with AI technology. Dong-gyu Lim, Je-wan Han, and Hye-young Shin, who are leading technology development, participated in the startup based on their expertise in each field, and Jae-yong Shin, who recently graduated from PwC, is leading the product strategy.
Solomon Labs’ key technical strengths include accurate rule coverage of the entire federal tax code via its proprietary AI-based knowledge graph, accuracy and usability that outperforms the world’s leading large-scale language models, and a data security system with SOC2 certification.
CEO Lee Ki-kyung said, “We will support tax professionals to conduct tax law research and reporting processes more easily and efficiently, and suggest tax-saving strategies to maximize the value of tax work. Through this investment, we will further strengthen our position in the global market.”
A Base Ventures official explained the investment background, saying, “Solomon Labs is an innovative team that combines AI technology and tax law expertise, and has the potential to bring about significant changes in the tax industry. We expect it to open up a new market.”
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