The advent of Artificial intelligence (AI) has reshaped our world in ways we never imagined possible. From smartphones to smart homes, smart lifestyles, smart learning, smart way of doing business and seamless ways of doing virtually everything. AI is now so integrated into our lives that it seems impossible to imagine or live life without it.

The development of Artificial Intelligence has given rise to frameworks, applications and platforms that depend on it to meet personal, and corporate needs and proffer solutions.

Tabs is one AI-powered account receivable (AR) platform headquartered in New York. The platform is specifically tailored for B2B enterprises leveraging the capabilities of artificial intelligence. Tabs possess the ability to comprehend and extract relevant information from complicated B2B contracts. This technological capability enables Tabs to simplify an automated AR process seamlessly, cutting across contract analysis to cash collection.

Driving the affairs and mission at Tabs is a visionary leader and CEO Ali Hussain.

The company recently announced that it has successfully secured $7 million in Seed funding in an investment round led by Lightspeed Venture Partners, a leading venture capital firm known for its strategic investments in innovative startups.

The primary purpose of this fundraising effort is to support Tabs’ expansion initiatives and further extend its business footprint. With the infusion of capital, the company aims to strengthen its operations, enhance product offerings, and scale its presence in the B2B market segment.

By harnessing the power of AI, Tabs empowers businesses to streamline their AR operations, mitigate risks, and accelerate cash flow cycles. With an intuitive platform that automates critical processes. Tabs have also improved how B2B enterprises manage their accounts receivable, encouraging efficiency, accuracy, and profitability.

As Tabs continues to pave its path to growth, the recent fundraising from Lightspeed Venture Partners positions the company for sustained expansion and market leadership in the realm of AI-driven financial solutions for B2B businesses.