Houston, TX - April 13, 2021 - HighRadius, the Artificial Intelligence-powered Order-to-Cash, and Treasury Management software leader, today announced business performance and growth over the last year. After achieving the unicorn status in January 2020, HighRadius has grown to a valuation of $3.1 billion after completing a Series C fundraise of $300 million in March 2021. The investment was led by D1 Capital and Tiger Global with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity.
While sharing the results, Sashi Narahari, Founder and CEO, said, “We are squarely focused on building a long-term business that outlasts all of us. And we can only do this by consistently delivering on customer value, technology leadership, and revenue growth. The last year had its challenges, and I would like to thank 2500+ HighRadians for their grit and perseverance.”
Customer & Revenue Growth
Product & Technology Leadership
Continued European Expansion
About HighRadius Corporation
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes. The HighRadius® Integrated Receivables platform reduces cycle times in your order-to-cash process through automation of receivables and payments processes across credit, electronic billing and payment processing, cash application, deductions, and collections. HighRadius® Treasury Management Applications help teams achieve touchless cash management, accurate cash forecasting, and seamless bank reconciliation. Powered by the Rivana™ Artificial Intelligence Engine and Freeda™ Digital Assistant for order-to-cash teams, HighRadius enables teams to leverage machine learning to predict future outcomes and automate routine labor-intensive tasks. HighRadius solutions have a proven track record of optimizing cash flow, reducing days sales outstanding (DSO) and bad debt, and increasing operational efficiency so that companies may achieve strong ROI in just a few months. To learn more, please visit www.highradius.com.