Fazeshift applies AI agents to accounts receivable (AR), one of finance's most manual and spreadsheet-driven functions. The platform automates the AR workflow end to end, helping finance teams invoice, apply cash, reconcile payments and manage collections without the color-coded spreadsheets that often track customer payments today.
The founders experienced this pain firsthand: at a previous startup, Carma, they found themselves manually tracking payments for just ten customers. Fazeshift was built to make AR autonomous, starting with accounts receivable and expanding toward broader autonomous finance operations.
Fazeshift has grown revenue 12x over the past year and serves dozens of enterprise customers, including eight unicorns. Customers include Sigma Computing, Snyk, Meter and Clipboard Health.
The San Francisco company raised a $17 million Series A led by F-Prime Capital, with participation from Gradient Ventures (Google's early-stage AI fund), Y Combinator, Wayfinder Ventures, Pioneer Fund, Ritual Capital and angels, bringing total funding to $22 million. Fazeshift was founded in 2023 by Caitlin Leksana (CEO), a former BCG consultant and mechanical engineer, and Timmy Galvin (CTO), an MIT-trained former nuclear submarine officer.