Goldman Sachs Alternatives announced a $75 million Series C investment in Fieldguide, an AI‑native platform that embeds agentic artificial intelligence into audit and advisory workflows. The round was led by Growth Equity at Goldman Sachs Alternatives and included participation from Geodesic, Bessemer Venture Partners, 8VC, and Thomson Reuters. The funding brings Fieldguide’s total capital to $125 million and values the company at $700 million.
Fieldguide’s platform is designed to modernize audit and advisory processes by automating routine data extraction, analysis, and reporting tasks. By treating AI agents as active members of the engagement team, the company claims to reduce the time required for standard audit procedures and to free up human auditors for higher‑value judgment work. The firm estimates that the U.S. CPA industry faces an unmet demand of roughly $25 billion in services, driven by a talent shortage and an aging workforce, and positions its technology as a solution to that gap.
For Goldman Sachs, the investment expands its strategic footprint in AI‑enabled professional services and aligns with the firm’s “One Goldman Sachs 3.0” initiative, which seeks to drive operating leverage through automation. The deal also gives the bank early access to a platform that could generate new fee and return streams, strengthen client relationships in the audit and advisory space, and provide a foothold in a high‑growth, high‑margin software market.
The announcement has already generated a positive market reaction for Goldman Sachs Group. Analysts raised the firm’s price target to $940, citing the Fieldguide investment as a key catalyst for future growth. The move reflects confidence that the bank’s alternatives franchise is successfully deploying capital into high‑potential AI sectors and that the partnership could unlock additional revenue opportunities.
Fieldguide’s growth trajectory has been rapid. The company raised $30 million in a Series B round in March 2024 and $17 million in a Series A round in March 2022. It is now used by half of the top 100 U.S. accounting firms and has partnered with Thomson Reuters to integrate its Guided Assurance methodology into its platform, further expanding its reach and credibility in the market.
"We are thrilled to partner with Goldman Sachs to accelerate the adoption of AI in audit and advisory work," said Jin Chang, Fieldguide’s CEO and co‑founder. “This investment will allow us to continue scaling our platform, deepen our relationships with leading firms, and help bridge the widening talent gap in the industry.” Harris Pollack, Vice President of Growth Equity at Goldman Sachs Alternatives, added, “The future of audit depends on how effectively firms combine human judgment with AI‑driven execution. Fieldguide’s agentic workflows directly address that need.”
The investment underscores a broader trend of AI adoption in the audit sector, where firms are grappling with a severe talent crisis and a projected $25 billion unmet demand. By embedding AI agents into engagement teams, Fieldguide offers a scalable solution that can increase practitioner capacity and improve audit quality. For Goldman Sachs, the partnership signals a strategic bet on the long‑term transformation of professional services and a potential new source of fee income as the firm’s alternatives business continues to expand.
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