.png "Tel Aviv-based Safebooks locked in a $15 million Series A led by Battery Ventures. The firm secured the cash to scale automated financial reconciliation software for usage-based billing.")
Tel Aviv-based Safebooks locked in a $15 million Series A led by Battery Ventures. The firm secured the cash to scale automated financial reconciliation software for usage-based billing.
I am Aadi, An MBA graduate in finance, looks past the headlines to analyze revenue leakage and SOX compliance. My work covers financial observability and enterprise risk.
- Safebooks bagged $15 million in Series A funding.
- Battery Ventures led the round with participation from StageOne.
- The platform monitors over $40 billion in transaction volume.
- The deal targets revenue leakage in usage-based billing models.
- Funds extend the runway for US operations expansion.
Tel Aviv-headquartered Safebooks AI has infused $15 million into its operations. The fresh capital signals a pivot from passive observation to autonomous integrity at a time when usage-based pricing models are complicating audits. The round comes 14 months after its Seed round, signaling accelerated deployment.
Battery Ventures led the round with the primary check, while StageOne Ventures and Amiti Ventures contributed to the pool. The Safebooks AI Series A Battery Ventures deal structure grants the company liquidity to scale its US presence. Safebooks did not disclose the post-money valuation.
Co-founded in 2022 by Ahikam Kaufman and Shahar Tzafrir, Safebooks AI provides a financial data integrity platform. The system sits between billing engines and ERPs. It targets the fintech funding Israel 2025 ecosystem by addressing discrepancies in real-time.
The platform currently monitors over $40 billion in transaction volume annually. It claims to reduce audit preparation time by 80%. This efficiency is steered by the company’s ability to identify revenue leakage before the books close (TechCrunch). The move addresses the specific pain point of usage-based billing reconciliation which often leads to billing errors.
The integration brings automated financial reconciliation software to the CFO office. Safebooks connects directly with ERPs such as NetSuite and SAP, and billing systems such as Stripe and Zuora. This capability automates data reconciliation, a critical component for AI for SOX compliance. The deal allows CFOs to bypass manual sampling methods.
Ahikam Kaufman Safebooks CEO aims to deploy the capital into R&D. The company is betting on autonomous finance audit capabilities to replace traditional controls. However, risks regarding AI false positives in audit trails remain.
Safebooks competes directly or indirectly with other players in this segment such as BlackLine and Monte Carlo. The Safebooks vs BlackLine dynamic is intensifying as financial data observability tools encroach on the legacy close management space. Revenue assurance AI is becoming a standard requirement for public companies.