Investment underscores confidence in Avalara’s leadership in agentic AI for tax and compliance automation
Avalara, Inc., the agentic tax and compliance leader, announced it has closed an equity investment from an investor group led by BlackRock’s Private Financing Solutions. Vista Equity Partners (“Vista”), which first invested in Avalara in 2022, will remain the company’s majority shareholder. All of the proceeds will be used to purchase shares from existing shareholders.
“Avalara’s mission is to be part of every transaction in the world,” said Scott McFarlane, CEO and Co-Founder of Avalara. “With support from partners like Vista, we’ve evolved from a single-product innovator to a trusted, comprehensive provider of tax and compliance solutions embedded in our customers’ financial systems through a powerful partner ecosystem. We’re proud to welcome BlackRock as an investor as we work to advance our position as a trusted provider of innovative tax and compliance software.”
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Avalara pioneered cloud-based tax automation and defined the category over the past two decades. Now, as agentic AI reshapes enterprise software, Avalara is once again leading the transformation with its introduction of an agentic operating model powered by MCP servers, enterprise LLMs, domain-specific SLMs, intelligent AI agents, and one of the industry’s most expansive compliance content networks. All of this runs on a multi-cloud platform engineered for resilience, scalability, and performance.
The Avalara Agentic Tax and Compliance™ platform is built on a core principle: automation should never mean loss of control. Every Avalara AI agent includes embedded checkpoints for human review and approval, giving enterprises full command and audit-ready visibility across every compliance process, from tax filings to registrations.
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