Billables AI, a San Francisco, CA-based AI platform for professional service providers, has raised $3.9 million in seed funding.
Investors
The round was led by Wing VC, with participation from F7, SignalFire, Darkmode, Alumni Ventures, and a world-class group of AI leaders and industry veterans, including angel investors from Google, Stanford, SambaNova, and more.
Founded in 2013, Wing Venture Capital is a venture capital firm devoted to early-stage, long-term company building in the AI-first technology stack. The firm focuses on stealth, seed, and Series A financings.
Billables AI Use of Funds
The company plans to use the funding to advance its machine-learning capabilities and expand productivity tools across other sectors, such as agencies and consulting firms.
About Billables AI
Founded by Arvind Sujeeth and Nancy Jeng, Billables AI provides an AI platform for modern professional service providers. With tools like the Automated Billable Time Report, Billables AI assists legal professionals in reducing costly operational overhead. The platform integrates with widely used software such as Microsoft 365, Google Workspace, Zoom, and Adobe, automatically tracking time and creating client-ready billable time entries. Billables AI integrates directly into user workflows, automatically tracking time and creating client-ready billable entries.
Funding Details
Company: Billables, Inc.
Raised: $3.9M
Round: Seed Round
Funding Date: October 2024
Lead Investor: Wing VC
Additional Investors: F7, SignalFire, Darkmode, Alumni Ventures, Angel Investors
Company Website: https://billables.ai/
Software Category: Timekeeping Solution
Source: https://www.businesswire.com/news/home/20241002432179/en/