Apttus, the Salesforce.com-based provider of automated quote-to-cash business services, revealed Sept. 13 that it has raised a $55 million in a Series E funding round. Participants include a new investor, Premji, and existing investors Salesforce, K1 and Iconiq.
Premji Invest is the private equity arm of Wipro Limited chairman Azim Premji. Apttus' total funding to-date is now $329 million; the San Mateo, Calif.-based company was bootstrapped from its founding in 2006 until its first investment round in late 2012.
Max, Apttus' signature artificial intelligence digital agent, uses a conversational interface to simplify complex enterprise applications, including quote-to-cash and customer resource management, and the company claims it can be extended to any business application. Powered by a machine learning engine, Max is the first applied artificial intelligence for quote-to-cash and contract management now available, the company claims.
Apttus, a global organization with more than 1,100 employees and 600 customers, claims to provide 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.
Apttus applications include Configure Price Quote, Contract Lifecycle Management, E-Commerce, Billing Management, Revenue Recognition, Deal Management, Order Management, Promotions Management, Incentive Compensation Management, Rebate Management and X-Author.
The Apttus Intelligent Cloud platform runs on trusted cloud platforms such as Salesforce and Microsoft Azure. For more information, go here.