Solomon Labs, a tax artificial intelligence solutions company, announced Monday that it has signed an enterprise contract worth more than $1 million (approximately 1.5 billion won) with a major U.S. accounting firm to provide its "Solomon AI" solution.
The deal comes roughly one year after Solomon Labs launched its AI agent solution for individual income tax filing targeting large U.S. accounting firms. Industry observers view the agreement as evidence of both product maturity and rapid business expansion in the American market.
The U.S. accounting firm ranks among the country's top 25 and holds leading capabilities in individual income tax filing services. The firm provides accounting and tax services through more than 40 offices nationwide. Under the contract, more than 3,000 employees will use Solomon AI to automate the individual income tax return preparation process.
The partnership originated through the network of Bessemer Venture Partners, the leading U.S. venture capital firm that led Solomon Labs' seed investment round. Bessemer Venture Partners, which holds a seat on Solomon Labs' board, leveraged its extensive connections across the U.S. accounting and tax industry to facilitate introductions to potential clients. The relationship progressed to a formal contract following verification of actual product performance and practical applicability.
During the pilot testing phase, Solomon Labs validated its system's performance using approximately 4,000 actual tax returns and refined its AI agent and workflow-centered user interface based on accountant feedback.
"This contract is significant because it validates Solomon AI's practical utility and reliability in the market," said Lee Ki-kyung, CEO of Solomon Labs. "We will continue advancing our AI automation technology optimized for the U.S. tax practice environment and drive further innovation."
