We’re excited to announce our Series A, led by General Catalyst, with continued participation from Lightspeed, Primary and others. The round includes $25 million in new capital, bringing our total raised amount to over $35M. We’re also excited to welcome Alex Tran to the board.
The first AI driven Revenue Automation Platform, built for B2B
Since we came out of stealth ~6 months ago, the world’s fastest growing companies including Alkira, Cortex, Statsig, Oscilar, Openclinica and many more have come to rely on Tabs for revenue automation.
Why?
The landscape of finance is undergoing a seismic shift, with companies navigating an increasingly complex array of challenges and strategic opportunities. From dealing with fragmented technology stacks to a nationwide shortage of skilled accounting professionals, finance leaders are searching for solutions that can allow their teams to do more with less and optimize their revenue.
This is aligned with the direction we are going at Tabs. Our platform stands out as the first solution that automates the entire revenue process for finance specifically via our “Commercial Graph.” Using our unique AI-driven approach, we empower companies to streamline structuring and organizing all of their commercial records (from contracts to even usage) and then automate revenue-related workflows (e.g. billing, revenue recognition, payments and reporting), reduce manual labor, and focus on strategic decision-making.
The market for these types of systems is changing quickly. Most other critical finance workflows from payroll, accounts payable, procurement etc have moved to major modern platforms. Revenue (from “contract to cash”) is still mostly manually done or reliant on archaic ERP modules or ancient billing software. These systems have incredibly low NPS scores, depend on a ton of custom systems work, and are often poorly implemented by most companies. We believe we have the winning solution to address this untapped need.
The Product
We’ve shipped with rapid velocity alongside our customers, hundreds of finance leaders and accounting experts.
Today, the platform includes:
- Customer Overview
- Contract Review
- Usage / Milestone Ingest
- Invoicing
- Receivables
- Payments
- Remittances
- Revenue Recognition
- Board Reporting
- Cash Forecasting
- Collections
- Renewals AI
- Tax Support
- Bi-Directional APIs
- Copilot
- And so much more…
The best way to understand Tabs is to see it– we encourage you to get a demo of the product.
What’s next?
Our recent funding will be used to double down on all things revenue automation. We will be continuing with incredible product velocity and expanding our go-to-market capacity. Moreover, we plan to scale our solutions and customer success teams to ensure that our clients receive unparalleled support and can fully leverage our platform’s capabilities. Additional investments are also underway with major partnerships including accounting and advisory firms.
Thank you to our investors, partners, and clients for your unwavering support. Together, we are shaping the future of finance, one automated process at a time.
Ali
