Apttus, a Silicon Valley unicorn that provides the first and only platform to combine end-to-end Quote-to-Cash business process automation with behavior applications and artificial intelligence to enable customers to maximize revenue, announced this week it has raised a $55 Million Series E funding round, which was led by new investor Premji Invest, with participation from existing investors Salesforce, K1, and Iconiq. Apttus’ total funding to-date is now $329 million.
According to Apttus, Max, the company’s artificial intelligence agent, uses a conversational interface to simplify enterprise applications, including Quote-to-Cash and CRM, and can be extended to any business application. Powered by machine learning, Max becomes the first applied artificial intelligence for Quote-to-Cash and Contract Management solutions available today. Kirk Krappe, Chairman and CEO of Apttus, stated:
“Apttus pioneered and defined the Quote-to-Cash and Contract Lifecycle Management markets and is a leader in these segments. Now with the advent of Max, Apttus’ artificial intelligence agent, we have redefined this market yet again. Today, we’ve secured funds that will allow our ongoing advancement of an industry we helped create over a decade ago.”
Sandesh Patnam, Partner and Lead Investor in the US for Premji Invest, commented:
“Premji Invest is always highly selective in its investments, working with the strongest management teams and the most promising companies,” said . “In Apttus, we have found a team and market opportunity that fits that description perfectly, and we look forward to working with them to help realize the full potential of the platform.”
Krappe went on to add:
“The Salesforce Platform has been a foundation empowering Apttus to innovate and drive towards continued customer success. Over the past ten years, Salesforce has been a valuable partner and investor in Apttus, and we look forward to continuing to work together to drive continued innovation in the Quote-to-Cash category.”
The amount raised is subject to change, as the round remains open to additional investment for a short period of time.