# Turnstile

> Turnstile is a San Francisco software company building an end-to-end quote-to-cash system for sales-led B2B businesses. Its platform turns negotiated terms into structured data, then carries that data through e-signature, subscription management, usage metering, invoicing, collections, revenue recognition, and reporting. Founded in 2021 by Second Measure veterans Jordan Zamir and Michael Babineau, Turnstile publicly launched in February 2026 with $29 million in financing.

- **Founded:** 2021
- **Headquarters:** San Francisco, United States
- **Founders:** Jordan Zamir (Co-founder and CEO), Michael Babineau (Co-founder)
- **Products:** Quoting and approvals, Subscription and account management, Billing and collections, Usage metering, Financial reporting and revenue recognition
- **Notable:** Publicly launched in February 2026 with $29 million in financing from First Round Capital, OMERS Ventures, Illuminate Financial, and angels., Built one workflow spanning quoting, subscription management, usage metering, billing, collections, reporting, and revenue recognition., Supports recurring, usage-based, tiered, credit-based, outcome-based, phased, ramped, hybrid, and bespoke deal structures.

## Products & services

- **Quoting and approvals** — A WYSIWYG quote builder with catalog guardrails, configurable approval rules, CRM synchronization, e-signature, checkout, and support for recurring, usage, tiered, phased, ramped, and custom pricing.
- **Subscription and account management** — A live record of customer agreements, renewals, upgrades, downgrades, amendments, provisioning events, payment status, and customer self-service.
- **Billing and collections** — Automatic invoice creation from signed contract terms, payment collection through Stripe, reconciliation, tax integrations, aging visibility, and automated collections workflows.
- **Usage metering** — Event ingestion, formula-based rating, prepaid credits, spend controls, tiered overages, commitments, and usage-to-invoice automation.
- **Financial reporting and revenue recognition** — Real-time ARR, MRR, bookings and accounts-receivable reporting plus ASC 606 schedules, waterfalls, journal entries, and accounting-system sync.
- **Turnstile MCP and AI agents** — A read-and-write Model Context Protocol interface and in-product agents that can work from connected quote-to-cash data, including contract ingestion and collections use cases.

## Achievements

- Publicly launched in February 2026 with $29 million in financing from First Round Capital, OMERS Ventures, Illuminate Financial, and angels.
- Built one workflow spanning quoting, subscription management, usage metering, billing, collections, reporting, and revenue recognition.
- Supports recurring, usage-based, tiered, credit-based, outcome-based, phased, ramped, hybrid, and bespoke deal structures.
- Published a self-service Starter tier and claims customers can be live in a day.
- Offers SOC 2 Type 2 controls across all published pricing tiers.

## Latest updates

- **2026-02** — Turnstile publicly launched its AI-first quote-to-cash platform and announced $29 million in funding.
- **2026-04** — The company described its origin in the founders' experience with load-bearing billing spreadsheets and reconciliation at Second Measure.
- **2026-06** — Turnstile documented multi-currency billing across plans, quotes, subscriptions, and multiple Stripe-connected billing entities.
- **2026-07** — The company documented its Salesforce synchronization for accounts, contacts, opportunities, accepted quotes, and TCV.
- **2026-09** — Turnstile's current platform positioning emphasizes a shared quote-to-cash system of record for human and AI-agent teams.

## Links

- Website: https://turnstile.ai/
- LinkedIn: https://www.linkedin.com/company/turnstile-co/

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Profile page: https://yespress.io/turnstile
Published by YesPress — https://yespress.io
Last updated: 2026-09-26