HighRadius Corporation, a Houston-based provider of a cloud integrated receivables software, raised $50m in growth funding.
Susquehanna Growth Equity made the investment.
The company intends to use the funds to continue its growth and expand its presence globally.
Led by Sashi Narahari, Founder and CEO, HighRadius applies artificial intelligence and machine learning to all aspects of accounts receivable operations, including credit, collections, cash application, deductions and payments. Powered by the Rivana™ Artificial Intelligence Engine, HighRadius™ Integrated Receivables enables teams to leverage machine learning for accurate decision making and future outcomes. The RadiusOne™ B2B payment network allows suppliers to digitally connect with buyers.
The company works with hundreds of Global 2000 companies, including adidas, Cargill, Danone, Johnson & Johnson, Procter & Gamble, Starbucks, Sysco, Warner Bros and Zurich.
HighRadius also has international offices in Asia and the UK.