Tabs, a leader in revenue automation for B2B businesses, announced it raised $25 million in Series A funding led by General Catalyst, with ongoing support from Primary Ventures and Lightspeed. This latest funding round highlights the company’s rapid growth and increasing demand from CFOs seeking to streamline their financial operations using AI.
Many CFOs have been dealing with fragmented technology stacks—using multiple tools for workflows like invoicing, revenue recognition, and payment collection—while confronting a nationwide shortage of skilled accounting professionals. Tabs addresses these pain points by offering the first unified platform that automates the entire revenue process for Finance.
This new funding will accelerate Tabs’ product development, focusing on deepening integrations, enhancing analytics, and expanding its go-to-market activities. And Tabs plans to scale its customer success team to support the influx of CFOs seeking to simplify their revenue operations.
KEY QUOTES:
“With the accounting talent shortage adding extra strain on finance departments, CFOs are urgently looking for ways to automate and centralize their revenue processes. Our platform addresses both the tech fragmentation and the resource constraints by empowering finance teams to operate more efficiently.”
- Ali Hussain, CEO and co-founder of Tabs
“As an early adopter of Tabs, I have seen the team quickly build out a platform that solves a very real challenge for B2B CFOs. With Tabs we’re able to react to market changes quickly and scale without having to add headcount.”
- Evan Pincus, VP Finance at Cortex
“We are thrilled to support the Tabs team as they build a complete revenue automation platform, bringing LLM-powered solutions to the finance org. In the time we’ve spent with them, we’ve been extremely impressed with their product velocity. We believe the need for a strategic CFO is becoming more critical and are seeing forward-thinking teams leverage innovative technologies to allow them to automate where possible, so they can focus on the biggest questions facing their business.”
- Alex Tran, managing director at General Catalyst
