Tabs, a fast-growing finance automation platform, has raised $55 million in a Series B round led by Lightspeed, with continued backing from General Catalyst and Primary Venture Partners.
The company has experienced rapid traction over the past year, expanding its customer base to 200+ enterprises including Cursor and Statsig, while automating close to $1 billion in annual invoice volume. During the same period, Tabs recorded a 5X surge in ARR and enabled clients to automate over 80% of repetitive billing and invoicing workflows.
While the funding marks a significant milestone, the company emphasized its forward-looking vision: the launch of its first suite of AI agents. These agents are designed to eliminate manual bottlenecks in billing, revenue operations, and financial reconciliation, effectively bringing deep automation capabilities into the CFO’s office.
With this round, Tabs is positioned to further accelerate product innovation, expand into new markets, and redefine how enterprises manage financial operations through automation.
By: Arushi Agarwal
