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4h ago

Lunos AI Launches With $5 Million to Automate B2B Receivables

The New York startup pitches AI agents to negotiate payments, forecasting when invoices will clear.

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Lunos AI's platform uses AI accounts receivable technology to predict payment dates and automate collections for businesses.

Overview

  • General Catalyst and Cherry Ventures led the $5 million round, joined by angels including former finance leaders from Eli Lilly, Trustly, Deliveroo, Typeform, and GoCardless.
  • Founder Duncan Barrigan previously served as chief product officer at GoCardless.
  • The platform deploys conversational agents that integrate with QuickBooks and NetSuite and converse via Slack, email, or a web app to answer queries and negotiate terms.
  • Predictive models analyze payment histories and communication logs to anticipate timing and tailor outreach before invoices become overdue.
  • Funding will support team growth and development of AI-powered reconciliation, payment orchestration, and an embed-ready agent, positioning Lunos against incumbents like HighRadius’s YayPay, Tesorio, and Stampli.