Tabs, an AI-native revenue platform, secured $55 million in a Series B funding round. Lightspeed Venture Partners led the investment, with participation from General Catalyst, Primary Venture Partners, and WiL. This round brings Tabs' total funding to over $91 million.
The platform automates the entire contract-to-cash cycle for finance teams. It addresses manual processes in billing, collections, revenue recognition, and reporting. Tabs' AI agents streamline workflows, enabling faster invoicing and real-time payment reconciliation. This focus on finance automation helps companies reduce manual work.
Accelerating AI-Native Finance Solutions
Tabs' AI revenue platform solves critical challenges in finance. Finance teams often spend significant time on billing and collections, facing high invoice error rates. The platform offers Billing Agents and Collections Agents, integrating with CRMs and ERPs. This approach contrasts with traditional systems like SAP or specialized billing tools such as Zuora.
Tabs currently serves over 200 customers, including Cursor and Statsig. It automates more than $500 million in annual invoice volume and achieved 5X ARR growth. Customers automate over 80% of manual billing and invoicing tasks, improving cash flow and revenue recognition. The demand for artificial intelligence in finance grows as complex pricing models increase and the CPA workforce declines.
The new capital will accelerate Tabs' agent roadmap. It will also expand its New York-based engineering and AI research teams. Tabs plans to scale adoption across fast-growing technology and B2B companies.
