<ul data-eligibleForWebStory="true"><li>Farsight, a financial automation platform, secured $16 million in a Series A funding round.</li><li>The funding will support product development, team expansion, and new partnerships/customers.</li><li>Farsight, co-founded by MIT graduates, focuses on automating manual tasks in finance to enhance productivity and accuracy.</li><li>The platform aims to free up employees from repetitive tasks, enabling strategic value addition.</li><li>Automation and AI can simplify B2B payments, unlike in consumer transactions.</li><li>B2B payments involve larger invoices, extended terms, and complex compliance compared to consumer payments.</li><li>Traditional B2B payment solutions have been fragmented, but AI and machine learning are remedying this issue.</li><li>PYMNTS' report highlights over 80% of CFOs at large companies are either using or considering AI adoption for financial decisions.</li><li>The focus on AI in financial decision-making is gaining traction.</li></ul>

Farsight Raises $16 Million for Financial Automation Platform

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