Tabs secures $7M in seed funding led by Lightspeed to advance its AI-powered B2B accounts receivable platform
Tabs secures $7M in seed funding led by Lightspeed to advance its AI-powered B2B accounts receivable platform
04/11/24, 1:22 PM
Location
new yorkMoney raised
$7 million
Industry
machine learning
saas
artificial intelligence
Round Type
seed
Investors
Primary Ventures, Lightspeed Venture Partners
Tabs announced a $7 million seed funding round led by Lightspeed Venture Partners, bringing the company’s total amount raised to $12 million, including a pre-seed round from Primary Ventures. The investment will fuel Tabs' mission to reimagine B2B AR processes at a critical time when most businesses struggle to collect cash and find profitability.
Company Info
Location
new york, new york, united states
Additional Info
Tabs is an AI-powered accounts receivable platform for B2B businesses. Using the power of AI, Tabs is able to understand and extract elements from even the most complex B2B contracts and then power an automated AR process from contract-to-cash. Growing B2B businesses use Tabs to improve cash flows, streamline operations, and increase business model flexibility. Tabs is based in New York and is funded by top-tier VCs Lightspeed and Primary Ventures.