PYMNTS.com January 7, 2025
Fazeshift, an accounts receivable-focused artificial intelligence (AI) agent, has raised $4 million in seed funding.
The funding round, announced Tuesday (Jan. 7), was led by Google’s early-stage AI fund Gradient, with support from Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, Phoenix Fund and angel investors including Terrence Rohan, Kulveer Taggar, and Rich Aberman.
“Enterprises waste over $200 billion annually managing accounts receivable (AR), bogged down by manual tasks like reconciling payments, generating invoices, and chasing overdue accounts,” the company said in a news release.
“Fazeshift streamlines this process by automating everything from invoice creation to payment reconciliation, freeing teams from hours of manual work.”
Unlike traditional robotic process automation (RPA), which struggles to grasp the nuances of AR, Fazeshift’s LLM-powered...
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