HighRadius Raises $125M in Series B Funding

Funding Rounds

▤ Summary

HighRadius, a Houston, Texas-based provider of Artificial Intelligence-powered Order-to-Cash and Treasury Management software, raised $125m in Series B growth funding. The round was led by Iconiq Capital, with participation from existing investors Susquehanna Growth Equity and Citi Ventures. The company intends to use the funds to accelerate continuing platform development and expansion of its geographic reach. Led by Sashi Narahari, Founder and CEO, HighRadius provides a SaaS AI powered integrated platform for accounts receivables and treasury management to more than 400 clients including more than 200 of the Forbes Global 2000. The platform includes: Rivana AI engine with machine learning algorithms trained on over $1 trillion in receivables per annum to automate routine tasks and provide insights such as predicting invoice payment dates.

$ Funding

$
Amount $125.0M Total raised
□
Date January 7, 2020 Announcement date
◎
Investors ICONIQ Capital, Citi Ventures Lead investors
▥
Company https://www.highradius.com/ Funded company

▥ Classifications

industries
No industries detected
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Financial Automation Software ERP Software

▦ Linked Companies

HighRadius
$100M to $250M