Overview
Paraglide, an AI product for accounts receivable, has raised a $5 million seed round co-led by Bessemer Venture Partners and DN Capital. The company automates two-way billing communication, addressing the inefficiencies of traditional AR tools. Early customers report a 34% reduction in days sales outstanding (DSO). The funding will support Paraglide's expansion across Europe as demand for agentic automation in finance operations grows.
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Investors: Bessemer Venture Partners, DN Capital
Paraglide, an AI product for accounts receivable, has raised a $5 million seed round co-led by Bessemer Venture Partners and DN Capital. The company automates two-way billing communication, addressing the inefficiencies of traditional AR tools. Early customers report a 34% reduction in days sales outstanding (DSO). The funding will support Paraglide's expansion across Europe as demand for agentic automation in finance operations grows.