Stampli, a US-based AI-powered platform for automating accounts payable operations, has secured $61 million in Series D funding led by Blackstone, bringing its total funding to $148 million.
Facts
- Stampli raises $61m in Series D funding led by Blackstone.
- Existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital also participated.
- Stampli uses AI for invoice capture, expense allocation, approval routing, and fraud detection in accounts payable processes.
- Targets midmarket businesses for error-free and efficient business transactions.
- Processed over 1 million invoices worth $5 billion in August.
- CEO Eyal Feldman emphasizes the importance of careful spending.
- Blackstone’s Yifat Oron highlights the growing need for digital-first organizations in AP automation.
