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AI Agents for AP and AR in Logistics
Lighthouz AI has raised $500K across 1 funding round.
Key people at Lighthouz AI.
Lighthouz AI was founded in 2023 by Srijan Kumar (CEO & Co-founder) and Sonali Pattnaik (CTO & Co-founder).
Lighthouz AI has raised $500K in total across 1 funding round.
Lighthouz AI's AI agents solve the biggest problems in logistics - AR and AP!
3PLs, brokers, factors, and carriers lose billions every year to slow invoicing, manual invoice audits, and billing disputes. Manual AP & AR processes create errors, disputes, cash flow bottlenecks, late fees :hurting everyone in the logistics supply chain.
🚛 The Problem:
- Factors: Auditing and verifying carrier invoices, timely invoicing
- 3PLs & Brokers: Verifying carrier invoices, creating own invoices, and handling disputes and chargebacks.
- Carriers: Timely invoicing, Submitting correct and complete paperwork, Dealing with late payments, incorrect deductions, and manual paperwork.
- Shippers: Struggling with invoice error identification and resolution, delaying payments.
📉 The Impact: The U.S. freight industry processes over $1.2 trillion in transactions annually, yet 25% of freight invoices contain errors, leading to payment disputes and delays.
🔹 Our Solution is an AI agent that automates invoice audits, rate verifications, invoicing, and collections in the logistics industry.
With Lighthouz AI agents, businesses 10x their AR and AP processes.
Key people at Lighthouz AI.
Lighthouz AI was founded in 2023 by Srijan Kumar (CEO & Co-founder) and Sonali Pattnaik (CTO & Co-founder).
Lighthouz AI has raised $500K in total across 1 funding round.
Lighthouz AI develops AI agents that automate accounts payable (AP) and accounts receivable (AR) processes specifically for the logistics and freight industry. Their solution automates invoice audits, rate verifications, invoicing, and collections, addressing major pain points such as slow invoicing, manual audits, billing disputes, and cash flow bottlenecks that cost the logistics supply chain billions annually. The AI agents help freight brokers, 3PLs, carriers, and factors by reducing manual work, speeding up payments, and improving accuracy, enabling businesses to scale operations without adding headcount and to process invoices within 24 hours of delivery[1][2][5].
Founded by AI experts, Lighthouz AI leverages advanced AI trained on millions of logistics data points to deliver precision and efficiency at scale. Their product integrates seamlessly with existing logistics tech stacks like TMS, ERP, and payment platforms, making it easy for customers to adopt without disrupting current workflows[5]. The company is gaining traction with leading logistics providers, demonstrating strong growth momentum by helping clients reduce costs and improve operational throughput[2][4].
Lighthouz AI was founded by Srijan Kumar, an award-winning AI professor and entrepreneur with over 14 years of experience developing AI systems used at major companies like Meta, Google, and Flipkart. Kumar’s background includes pioneering work in dynamic graph neural networks and extensive academic contributions, including 60+ AI publications and prestigious awards such as NSF CAREER and Forbes 30 Under 30[1].
The idea emerged from the recognition that the freight industry, a $10 trillion market, still relies heavily on manual, error-prone processes involving PDFs, faxes, and spreadsheets. The founders saw an opportunity to apply AI to automate and transform freight finance workflows, eliminating costly delays and disputes. Early traction includes partnerships with major 3PLs like NAD Logistics, which have reported significant efficiency gains and the ability to scale operations without adding headcount[2][4].
Lighthouz AI rides the wave of AI-driven automation in supply chain finance, a sector historically burdened by manual, paper-based processes. The timing is critical as logistics volumes grow and the industry demands faster, more accurate financial operations to maintain cash flow and reduce disputes. Market forces such as increasing freight volumes, digital transformation in supply chains, and the push for operational efficiency favor AI solutions like Lighthouz’s[1][2][4].
By automating back-office freight finance, Lighthouz AI not only improves individual company performance but also influences the broader logistics ecosystem by setting new standards for speed, accuracy, and scalability. Their technology reduces friction between brokers, carriers, and factors, fostering trust and smoother financial transactions across the supply chain.
Lighthouz AI is well-positioned to expand its footprint in the logistics sector by continuing to enhance its AI agents and deepen integrations with key logistics platforms. Future trends shaping their journey include the growing adoption of AI in supply chain finance, increasing demand for real-time financial insights, and the digitization of freight documentation.
As the company scales, it may broaden its product offerings to cover more complex logistics finance workflows and expand internationally. Its influence is likely to grow as more logistics providers seek automation to handle rising freight volumes and tighter margins, making Lighthouz AI a key player in the modernization of freight finance operations. This aligns with their mission to reinvent supply chain finance ops through intelligent automation, ultimately transforming how money flows in logistics[1][2][5].
Lighthouz AI has raised $500K across 1 funding round. Most recently, it raised $500K Seed in September 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2024 | $500K Seed |
