Quanta, a startup focused on revolutionizing accounting through artificial intelligence, has successfully raised $4.7 million in funding. The company aims to address the slow cycles and manual processes that have historically plagued the accounting industry. With its AI-powered accounting suite, Quanta seeks to provide clearer financial data and automate various tasks, thereby improving the overall experience for accounting and bookkeeping teams. The funding round has garnered support from notable investors, including Accel, which has welcomed Quanta into its portfolio, emphasizing the potential for faster and more precise financial management. The launch of Quanta has been met with enthusiasm from industry stakeholders, who recognize the need for innovation in accounting practices.