Fazeshift Secures $4M to Advance Accounts Receivable with AI
Friday, January 24, 2025
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Posted by: Sierra Lindemann
Fazeshift, an AI-driven accounts receivable (AR) platform, raised $4M in seed funding led by Gradient, Google’s AI-focused fund, with participation from Y Combinator and others. The company’s specialized large language model (LLM) agents automate complex AR tasks like payment reconciliation and overdue invoice management, tackling a $200 billion annual inefficiency in AR processes. Fazeshift is already streamlining operations for enterprise clients, reducing manual workloads previously handled by teams of 12.