Stampli Raises $61M in Series D Funding

Stampli, a Mountain View, CA-based company which specializes in AI-powered accounts payable automation, raised $61M in Series D funding. The round, which brought the total amount to over $148M, was led by funds managed by Blackstone, with participation from existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital. The company intends to use the funds to expand operations ands its business reach. Led by CEO Eyal Feldman, Stampli provides an AP automation platform that brings together accounts payable communications, documentation, and payments in one place. Stampli offers its implementation for more than 70 different ERPs, including systems from Sage, Oracle, Microsoft, QuickBooks, SAP, Acumatica, IBM and many others.