E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
E-commerce companies don’t usually construct huge corporations: they could be huge in income, however stay lean in headcount. Nevertheless, 8fig believes these corporations ought to nonetheless be capable to get the experience of, say, a chief monetary officer, however in a approach that works for his or her enterprise.
When Yaron Shapira, Assaf Dagan and Roei Yellin began 8fig in 2020, the corporate, primarily based out of each Austin and Israel, was targeted on offering lending and provide chain administration instruments to e-commerce companies struggling to handle their money circulate as they develop their companies.
Nevertheless, after raising $50 million in 2021, CEO Shapira mentioned e-commerce started shifting from progress to profitability approaches because the rising price of buyer acquisition and modifications in privateness had been altering unit economics.
Now 8fig is constructing out a “C-suite” for e-commerce corporations, CEO Shapira instructed TechCrunch. AI CFO is the primary new product, offering money circulate planning. When the corporate continues to be small, planning is less complicated, however when the enterprise is rising considerably and changing into extra complicated, that’s the place Shapira mentioned corporations miss out on money circulate administration.
“Often these sorts of corporations won’t ever have a CFO, somebody who’s really doing the financials and all of the calculations, as an alternative utilizing exterior accountants to assist them,” Shapira mentioned. “Which means there’s an enormous hole of their planning.”
8fig co-founders, from left, Yaron Shapira, Roei Yellin, and Assaf Dagan. Picture Credit: Look Pictures
AI CFO affords a self-serve net utility the place corporations can do their money circulate planning routinely, after which in the event that they want it, can get enterprise continuity planning from 8fig.
Since its inception three years in the past, 8fig has delivered over $500 million in funding to on-line sellers. In 2022, it grew its buyer base and annual income by 900% and 800%, respectively. Throughout that very same time interval, the corporate additionally tripled its worker headcount and launched each a cell app model and freight administration and cost performance.
Now the corporate is flush with $140 million in new funding that closed in April, $40 million in Collection B fairness and $100 million in a credit score facility, to work on a full AI govt suite that can embrace AI chief advertising and marketing officer and AI chief working officer options later this yr.
The funding was led by Koch Disruptive Applied sciences with participation from current traders Battery Ventures, LocalGlobe, Hetz, the Jesselson household and Silicon Valley Financial institution, which is now a division of First Residents Financial institution. Shapira mentioned this was an “up” spherical when it comes to valuation and brings 8fig’s whole funding to $196.5 million.
“In these turbulent occasions, know-how may also help e-commerce companies with their planning, so you will note loads of effort on that from us,” Shapira mentioned. “Serving to our shoppers with solely AI CFO is sweet, however not good. If we’re in a position to assist them of their advertising and marketing and logistics, this may be tremendous vital. We’re going to spend money on these areas with a view to assist our shoppers to do nice work themselves and to achieve success within the subsequent yr and the following two years, which is the longer term that we’re taking a look at.”
