Problem

Onshore addresses the gap between businesses that perform qualifying technical work and the tax incentives they actually claim. R&D tax credits are complex and heavily audited, while traditional studies depend on months of interviews, spreadsheets, manual reviews, inconsistent documentation, and sometimes statistical sampling. That makes the process slow, expensive, uncertain, and burdensome for the technical and finance teams that must supply the evidence. The economics are substantial: Onshore cites more than $200 billion in tax incentives going unclaimed or being misfiled each year, and R&D-credit analysis can sometimes cost more than the credit itself.

The killer use case is a company already designing, testing, improving processes, or developing software—particularly in technology, manufacturing, engineering, agriculture, energy, or oil and gas—that has payroll, general-ledger, and project records but has never claimed an R&D credit or has claimed less than it earned. Onshore turns that existing operational evidence into a defensible claim without requiring the customer to endure a months-long consulting exercise.

Product / Service

Onshore is a technology-enabled tax service combining AI agents, structured data pipelines, machine-learning models, and credentialed tax professionals. Customers provide the records they already maintain; Onshore’s agents analyze activities against the tax code, identify qualifying dollars, and generate the study. A credentialed tax professional then reviews the calculations, verifies the claim, amends returns where applicable, and delivers an audit-ready package with audit support included. The company says R&D studies typically take two to three weeks, versus months for traditional providers, with reported results of roughly 90% faster studies and 30–50% lower client costs.

The delivery model is outcome-oriented rather than a pure self-service software subscription. The initial assessment is free, and when Onshore finds credits worth claiming, its fee is a share of the recovery, so the customer pays only when it saves. The platform’s initial focus is R&D tax credits, but it also supports or is expanding into related incentives such as the 179D deduction and cost-segregation studies, with plans to automate broader U.S. tax and accounting workflows.

Market

Onshore competes in fintech and tax-and-accounting automation, specifically the technology-enabled R&D tax-credit and incentive-services segment. Its alternatives include conventional tax-credit consulting firms and newer software platforms such as TaxCredit.ai, GOAT.tax, and neo.tax, which use software or AI to simplify R&D-credit analysis and documentation. Onshore’s positioning is a hybrid one: automated, data-intensive analysis paired with human tax-professional review and defense, rather than either a fully manual consultancy or an entirely self-service calculator.

The company has clear commercial traction rather than appearing pre-revenue. Onshore says more than 500 companies have used its platform to identify and defend over $600 million in tax incentives across technology, energy, manufacturing, architecture, and agriculture. In February 2026, the formerly named SPRX announced a $31 million Series B led by FPV Ventures, bringing total funding to $46 million; the funding is intended to expand the platform beyond tax credits into additional U.S. tax, accounting, compliance, and reporting workflows. No revenue figure is disclosed in the cited materials, but the customer usage, incentive volume, and institutional financing indicate an operating business with an established customer base.