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. Autonomous Receivables, an enterprise software—with a touch and voice user interface powered by the Freeda Digital Assistant—that brings human and machine real-time interaction experience to corporate users. AI-powered cash forecasting.