Acumatica, a Bellevue, WA-based cloud ERP company, secured a $25m Series C round of funding.
The round was led by Accel-KKR and existing investors.
The company intends to use the funds to expand into vertical industries and extend its lead in AI, machine learning and Cloud/SaaS technologies for business management and financial applications.
Led by Jon Roskill, CEO, Acumatica provides cloud-based business management software that enables small and mid-size companies to accelerate their businesses. Built on cloud and mobile technology and a customer-centric licensing model, the company delivers a suite of fully integrated business management applications such as Financials, Project Accounting, Commerce, Manufacturing, Field Service and CRM, on a flexible platform. Its recently released Construction Edition is a construction accounting software that allows users to improve margins and project control at all stages of home, multi-family, commercial, mixed-use, land development, and government projects.