Neural, co-founded by Nepali entrepreneurs Nami Baral and Navin Baskota, has raised $31 million (around Rs. 4 arba) to develop the world’s first AI-native global Professional Employer Organization (PEO) platform targeting CFOs.
Neural, a US-based technology company co-founded by Nepali-origin entrepreneurs Nami Baral and Navin Baskota, has successfully raised $31 million (approximately Rs. 4 arba) in investment. The company is building the world’s first AI-native global Professional Employer Organization (PEO) designed specifically for Chief Financial Officers (CFOs).
The platform aims to provide a ‘system of intelligence’ that streamlines core financial functions such as payroll, tax systems, payment structures, and employee management — all integrated into a single easy-to-use platform.
After years of research and development, Neural’s platform features its own tax engine, an integrated payment system, and the industry’s first executional AI coworker named EMMA. According to the company, users of Neural’s platform can save up to 60 hours per month. It also claims a 50% reduction in HR and foreign exchange expenses and a 90% decrease in payroll errors.
The AI agent EMMA efficiently manages payroll processing, tax calculations, and expense approvals, ensuring faster and more accurate operations.
In the past year alone, Neural’s business has grown by 700%, with many customers adopting additional tools beyond their initial service.
Earlier investors include M13, Inspired Capital, and Newform Capital. Alexa from Inspired Capital commented, “Neural is reinventing outdated systems using AI. We were the first investors and continue to support them with confidence.”
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
