Boast

Boast.ai, founded in 2011 by Alex Popa and Lloyed Lobo, is a technology company specializing in automating the process of claiming Research and Development (R&D) tax credits for businesses in the United States and Canada. Their AI-powered platform integrates with a company’s existing technical and financial systems to identify, categorize, and time-track eligible projects, ensuring comprehensive and accurate claims. This approach streamlines the traditionally complex and time-consuming process of securing R&D tax incentives, enabling companies to maximize their returns while minimizing manual effort and audit risks.

The company has attracted significant investment from various venture capital firms and strategic investors. In December 2020, Boast.ai raised $23 million in a Series A funding round led by Radian Capital, with participation from other investors. This funding has supported the company’s growth and expansion efforts.

Boast.ai’s uniqueness lies in its combination of artificial intelligence and in-house tax expertise to deliver a comprehensive solution for R&D tax credit claims. By automating data gathering and analysis, the platform reduces the burden on internal teams and enhances the accuracy of claims, addressing challenges such as the complexity of tax credit applications and the risk of audits. This enables businesses to focus on innovation while ensuring they receive the financial benefits they are entitled to.

Within the realm of artificial intelligence, Boast.ai operates in the category of Tax Automation and Compliance. Their technology leverages AI to analyze and interpret financial and technical data, facilitating the identification of eligible R&D activities and the preparation of tax credit claims, thereby optimizing the tax credit recovery process for businesses.

Boast is based in San Francisco, California, USA. Specializing in the AI industry, Boast pioneers innovative solutions and advancements in artificial intelligence. Boast, funded over $100 million, is well-positioned to drive significant impact and growth in the AI sector. For more information, please visit boast.ai.

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