Fazeshift Raises $4M Seed Round Led by Gradient to Revolutionize Accounts Receivable Automation with AI

Fazeshift announces $4M Seed

We’re excited to share that we’ve raised $4M in seed funding led by Gradient Ventures, Google's AI-focused venture fund. The round also included investment from the best investors in the business including Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital, Phoenix Fund, and prominent angels including Terrence Rohan, Kulveer Taggar, and Rich Aberman. 

We are honored to serve customers ranging from fast-growing AI startups to unicorn companies valued at over $1 billion. This seed raise allows us to ambitiously expand our platform for these customers and continue to bring our technology to more teams around the world.

Our long-term mission is to use AI to streamline how businesses operate and transact.

Book a demo to see the power of Fazeshift here.

Our Thesis: AI Fine-Tuned to Accounts Receivable Workflows

Fazeshift’s core thesis is that the data needed to run accounts receivable is fragmented and disjointed. 

The result? Teams are bogged down by heavily manual, tedious workflows—endlessly entering data, copying and pasting between platforms, and managing back-and-forth email exchanges.

Fazeshift changes this. Built on robust, generalizable data models and seamless integrations, our AI agent pulls data from multiple sources, extracts relevant information, and takes meaningful actions. We go beyond using LLMs for analysis by automating tasks that once required entire teams and hours of manual effort.

Our mission isn’t just to bring AI into the workflow—it’s to fine-tune it for the unique Accounts Receivable processes of each business. This level of customization enables us to deliver powerful AI solutions tailored to specific needs. Coupled with our intuitive web interface, Fazeshift provides finance and accounting teams with everything they need to transform an incredibly manual yet nuanced process.

Fazeshift is quickly becoming the trusted AI partner for finance and accounting teams. Curious to learn how we can bring AI into your business? Book a call with our team today.

Fazeshift’s AI Agent

We’re excited to unveil our AI agent to the world. Fazeshift’s AI agent is the most powerful AI system ever built specifically for accounts receivable. 

Before Fazeshift, teams across finance, accounting, operations, and sales were manually stitching together CRM, ERP, Invoicing, Payment, and Customer data with spreadsheets, Zapier flows, and manual processes. Never before has an AI-enabled solution been built specifically for their use case…until now.

A diagram of AI extracting data from contracts

Now, contract analysis, billing, cash application, collections, tasks, and tracking all live under one roof, powered by AI so your teams can focus less on copy-pasting, and more on the core business. 

A diagram of AI extracting data from checks

Fazeshift streamlines operations by automating tedious, repetitive tasks that once required teams of up to 12 people. Ready to see how it works? Book a demo today and discover how Fazeshift can transform your workflow.

AI is revolutionizing the way businesses operate, and finance & accounting teams are no exception. With Fazeshift’s cutting-edge AI agent, you can automate critical tasks—from contract parsing to cash application—freeing your team to focus on strategic, high-value work.

---

Our mission is to bring the most powerful AI to finance and accounting teams worldwide. This fundraise allows us to accelerate product development and expand our reach to more accounts receivable teams around the world. This fundraise is also a testament to the innovation and value we have ALREADY delivered to our clients.

A massive thank you to our investors, customers, and the growing Fazeshift team for believing in our vision and being part of the journey.