Aibidia raises $28m Series B to enhance transfer pricing solutions.

Aibidia, a company specializing in transfer pricing solutions for multinational corporations, has announced the successful raising of $28 million in its Series B funding round. The funds will be deployed to spearhead Aibidia's expansion into the United States, further enhancing its capabilities in automating compliance, centralizing data, and offering comprehensive transaction controls for corporations. Transfer pricing is a critical component of international business strategy that involves setting internal commerce prices between business units located in different countries. Aibidia is lauded for tackling the complexities inherent in such transactions, which must adhere to global tax laws and regulations, by providing a cloud-native platform serving as a 'single source of truth'. This platform is already trusted by major global firms like Nokia and Unilever. The funding round was led by DN Capital, which has been backing Aibidia since 2023 with leadership from investors Steve Schlenker and Benoit Jacob. The growth in international tax regulation complexity underscores the importance of Aibidia's offerings, positioning the company as a category leader in its field.