On April 11, 2024, the New York-based AI accounts receivable management platform Tabs announced it raised $7 million in seed funding, led by Lightspeed Venture Partners with participation from existing investor Primary Ventures.
Founded in 2023, Tabs is an AI accounts receivable platform for B2B businesses. At the core of the Tabs solution is Tabs AI — a proprietary platform built specifically to understand and extract B2B contract elements. Using this information, Tabs can automate contract intake, invoicing, and payments, simplifying a company's accounting processes.
(Source:Axios）