Stigg, a company that provides pricing and entitlement infrastructure for software companies, has acquired billing startup Received.ai in a move that expands its platform into contract management and invoicing.
The deal is aimed at a growing challenge for AI and enterprise software companies: keeping customer contracts, usage limits and billing in sync as pricing shifts from traditional per-seat models to credits and consumption-based plans.
Stigg team
(Photo: Stigg)
Under the integration, Stigg customers can use Received.ai's technology to turn contract terms into customer entitlements and invoices. The companies said the capabilities are being offered alongside existing billing systems including Stripe and NetSuite, rather than requiring customers to replace them.
The acquisition comes as software companies increasingly negotiate customized pricing arrangements, including usage thresholds, credits, prorated charges and mid-contract changes. Those terms can be difficult to translate into billing systems, often leaving sales, finance and engineering teams to manage exceptions manually.
Received.ai's technology adds contract management, billing schedules, prorations and credit handling to Stigg's platform. It also supports formula-based pricing, allowing companies to calculate charges based on usage and other variables at the time an invoice is generated.
Another feature allows companies selling multiple products or tracking several usage metrics to combine charges into a single invoice for each customer.
The new capabilities are being introduced in public beta and can be enabled alongside Stigg's existing tools. Customers using Stripe, NetSuite, Airwallex, Checkout.com or other billing systems can continue to use those systems for invoicing and payments.
For companies without an existing billing provider, Stigg said the expanded platform can handle the process from customer entitlements through invoicing.
Received.ai founder and Chief Technology Officer Shai Betito has joined Stigg as vice president of engineering and will lead the integration. The companies said the technology has been integrated into the Stigg platform.
"Entitlements decide what a customer can do. Contracts and invoices settle what they owe," Stigg co-founder and CEO Dor Sasson said. "For years, those lived in different systems, and every enterprise deal paid the tax."
Betito said the acquisition would allow the companies to connect usage enforcement with billing as AI products increasingly rely on real-time consumption and changing contracts.
Stigg was founded by Sasson and Anton Zagrebelny. The company provides tools for metering usage, managing entitlements and credits and enforcing product and pricing rules in real time. It is SOC 2 Type 2 certified.