Source: Businesswire
Billables AI, an AI platform for professional service providers that streamlines operations with its flagship AI-powered timekeeping solution, announced it has raised $3.9M in seed funding 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. The funding will go toward investing in advanced ML to further personalize time reports and ultimately build additional productivity tools that help all professional service providers.
Focusing initially on the legal industry, Billables AI gives professional service providers much needed time back to focus on the work that really matters by automating everyday operational tasks. The company enables legal professionals to uncover incremental billable time and reduce the pain points of billing. Early adopters like Zigler Law Group, Kronenberger Rosenfeld and Rogers Joseph O’Donnell have already seen 15-30% more billable time accurately captured with Billables AI compared to their previous billing methods. Additionally, users have reported a 90% reduction in time spent on tedious tasks like writing narratives.
“While many AI applications have been focused on automating core legal tasks, we believe there is even more value in tackling the work professionals don’t want to do (and don’t get paid for)—like timekeeping and billing,” said Arvind Sujeeth, co-founder and CEO of Billables AI. “By eliminating burdensome administrative overhead, legal teams are capturing more billable hours and spending less time on non-billable tasks. We’re excited to bring these benefits to other sectors where similar challenges exist, including agencies and consultants.”
Read the full article: https://www.businesswire.com/news/home/20241002432179/en/Billables-AI-Announces-3.9M-in-Seed-Funding-to-Modernize-Billing-with-AI-Powered-Timekeeping
