Apttus Reaches $1.3 Billion Valuation In New Funding Round On Road To IPO In Early 2017
Summary
The software company announced on Thursday that its raised $88 million in a Series D funding round led by UAE investment firm GII and others including Iconiq, K1 and KIA. Max can also pull in Apttuss machine learning capabilities to help set accurate quotes and even suggest optimal discounts. While artificial intelligence is a buzz word in business software companies such as IBM, Oracle, Microsoft and Salesforce today, Apttus is predominantly focused on one of the key building blocks of AI thats been around for years now, machine learning. "Customers like GE Aviation and large manufacturing companies have to configure very complex things," says the Apttus CEO, who is also releasing a book next week on his beloved quote-to-cash field. The company says Max isnt expected to be its own standalone revenue driver and that Apttus itself plans to stick to expansion within its QTC category for the foreseeable future.