Blue J, a Toronto company whose AI chatbot is used by accountants, lawyers and auditors to research tax rules, raised US$176 million in a Series E led by JMI Equity at a valuation of more than US$700 million, or over C$1 billion, according to The Logic. That’s more than double the roughly US$300 million it was valued at in its August 2025 round, and the company says its customer count has grown from about 2,500 firms to 6,500 since then. Blue J started in legal tech in 2015 and made a tax-focused AI product its main business in 2023. Blue J is using the money to build more automated workflows, like drafting replies to IRS requests and analyzing trust agreements.
