HighRadius Named to 2021 CB Insights Fintech 250 List of Top Fintech Startups for the Second Consecutive Year
HighRadius honored second time in a row for disruptive AI-powered tech in Office of the CFO with Autonomous Software for order to cash, treasury and record to report
NEW YORK & HOUSTON — November 11, 2020 — HighRadius, the artificial intelligence (AI)-powered order to cash, treasury management and record to report software provider, has been named to the CB Insights Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology.
The honor marks the second year in a row that HighRadius has been included in the Finance and Accounting section of the Fintech 250. The CB Insights Intelligence Unit reviewed more than 17,000 companies. Winners were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
“We believe that it is easy to be a good company, all you need is good topline growth, reasonable margins and investor returns. But a great company is built when its people love what they do. HighRadius’ recognition in the CB Insights Fintech 250 list for the second consecutive year is a testament to the passion and grit of HighRadians over the last 12 months, which has led to aggressive growth and momentum of our autonomous software platform,” said Sashi Narahari, founder and CEO at HighRadius. “This constant innovation has led HighRadius to develop each solution with deep functionality across our platform, and nurture an obsession to go the extra mile for customer delight and provide them measurable business outcomes.”
“This is the fourth class of the Fintech 250, and it’s also the most international, representing 26 countries. These 250 fintech startups are attacking an incredibly diverse array of financial services opportunities across 19 sectors, including digital banking, insurance, payroll, retail investing, and more,” said CB Insights CEO Anand Sanwal. “After being named to the CB Insights Fintech 250 last year, the 2020 class saw 17 companies go public and 25 get acquired. They also went on to raise over $25B in additional financing and forged more than 380 new partnerships after being recognized. The Fintech 250 has a history of spotlighting the very best fintech companies, and this year is no different. We’re excited to see how these fintech startups disrupt and transform financial services in the years ahead.”
HighRadius has continued to build on its success throughout 2021, starting with a $300 million Series C fundraise that valued the company at $3.1 billion. HighRadius has emerged as a leader in providing autonomous software for the office of the CFO.
Recently, HighRadius expanded its Autonomous Software platform by adding a new Autonomous Accounting offering to help accounting teams complete month-end close activities faster and more accurately. HighRadius has also continued to expand its geographic reach in Europe, opening a new office in Paris, France.
The HighRadius Autonomous Software platform processes over $2.23 Trillion finance transactions annually, which is roughly the gross domestic product (GDP) of France. This volume of data has allowed HighRadius to build function-specific machine learning capabilities across the order to cash, treasury and record to report functions to fundamentally disrupt finance and accounting processes.
About HighRadius Corporation
HighRadius offers cloud-based Autonomous Software for the Office of the CFO. More than 700 of the world’s leading companies have transformed their order to cash, treasury and record to report processes with HighRadius. Our customers include 3M, Unilever, Anheuser-Busch InBev, Sanofi, Kellogg Company, Danone, Hershey’s and many more.
Autonomous Software is data-driven software that continuously morphs its behavior to the ever-changing underlying domain transactional data. It brings modern digital transformation capabilities like Artificial Intelligence, Robotic Process Automation, Natural Language Processing and Connected Workspaces as out-of-the-box features for the finance & accounting domain.
Finance business stakeholders have been led to believe that they have only two choices: pick an application software vendor that digitizes a paper or Excel-based process to an electronic system of record, or, choose a middleware platform for AI or RPA to build and maintain in-house, domain-specific capabilities. In contrast, HighRadius Autonomous Software combines the best of both worlds to deliver measurable business outcomes such as DSO reduction, working capital optimization, bad-debt reduction, reduce month close timelines and improve productivity in under six months.
Click here to see Autonomous Software in action.
About CBInsights
CB Insights builds software that enables the world’s best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.
Media Contact
Matt Grant
Learn moreHighRadius Named to 2021 Forbes Cloud 100 List for the Second Straight Year
Forbes 2021 Cloud 100 list recognizes HighRadius’ market leadership in AI-enabled Integrated Receivables & Treasury solutions, company culture, valuation, and growth.
HOUSTON & SAN FRANCISCO – August 10, 2021 – HighRadius, the Artificial Intelligence-powered Order to Cash and Treasury Management software leader, has been named to the Forbes 2021 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. This marks the second year in a row that HighRadius has made it to the prestigious list, based on an evaluation process across four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%), and people & culture (15%).
HighRadius Continues its Strong Momentum and Growth
Comments on HighRadius and the Forbes Cloud 100
“The companies of the Cloud 100 list represent the best and brightest emerging companies in the cloud sector,” said Alex Konrad, senior editor at Forbes. “Every year, it gets more difficult to make this list—meaning even more elite company for those who do. Congratulations to each of the 2021 Cloud 100 honorees and to our 20 Rising Stars up-and-comers poised to join their ranks.”
“Being named to the Forbes Cloud 100 for the second straight year is a confirmation that our commitment to finance digital transformation is resonating with customers,” said Sashi Narahari, Founder and CEO of HighRadius. “We have always been focused on the vision of ‘building a long-term business that can outlast all of us,’ which means staying focused on product innovation and customer success. I would like to thank all 2500+ HighRadians, our customers, partners, and investors who helped us reach this milestone.”
“The private cloud ecosystem continues to see historic rates of digital transformation,” said Byron Deeter, partner at Bessemer Venture Partners. “Private cloud valuations are getting bigger as the market’s appetite for cloud continues to grow. These founders represent the absolute best in cloud computing today, and they appear likely to follow in the footsteps of our esteemed Cloud 100 alumni. Congratulations to these cloud leaders!”
“How we work has undergone a paradigm shift and businesses of all shapes and sizes are reimagining the tools that are needed to ensure working from anywhere is a sustainable, long-lasting solution,” said Alex Kayyal, Managing Partner, Salesforce Ventures. “The last 18 months have made digital transformation an urgent imperative and the cloud has never been more pivotal in powering our new digital economy. The companies on this list represent the leaders and businesses shaping the future of the cloud ecosystem and we are excited to partner with Bessemer Venture Partners and Forbes to honor these trailblazers of the industry.”
The Forbes 2021 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the September 2021 issue of Forbes magazine.
About HighRadius Corporation
HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help 600+ industry-leading companies automate their 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. The HighRadius® RadiusOne AR Suite offers a pocket-friendly platform for hundreds of mid-sized businesses to enable faster AR processing and enhance their working capital. HighRadius® Treasury Management Applications help teams achieve touchless cash management and accurate cash forecasting.
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.
Processing over $2.23 Trillion in receivables transactions annually, 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. HighRadius is the industry’s most preferred solution for Accounts Receivable & Treasury and has been named a Leader by IDC MarketScape twice in a row.
To learn more, please visit www.highradius.com
About Bessemer Venture Partners
Bessemer Venture Partners is the world’s most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter and supports them through every stage of their growth. The firm has 130 IPOs, including Pinterest, Shopify, Twilio, Yelp, LinkedIn, Skype, LifeLock, PagerDuty, DocuSign, Wix, MindBody, and Fiverr. Bessemer’s team of investors and partners are positioned all over the world in Silicon Valley, San Francisco, New York, Boston, Tel Aviv, Bangalore, and Beijing. Follow @BessemerVP and learn more at bvp.com.
About Forbes
The defining voice of entrepreneurial capitalism, Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE events, custom marketing programs and 40 licensed local editions in 70 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements. For more information, visit the Forbes News Hub or Forbes Connect.
About Salesforce Ventures
Salesforce Ventures is the global investment arm of Salesforce and is focused on partnering with the most ambitious enterprise technology companies at every stage in their journey. Since 2009, Salesforce Ventures has invested over $3 billion in over 400 leading companies including Auth0, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, Twilio, and Zoom. Salesforce Ventures provides portfolio companies with unparalleled access to Salesforce, one of the fastest-growing enterprise software companies in the world, including strategic advisory, customer introductions, and the strongest cloud ecosystem. Salesforce Ventures has invested in more than 25 countries with offices all over the world including in San Francisco, Irvine, New York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn more at salesforce.com/ventures.
Media Contact
For HighRadius
Katie LeChase
For Bessemer Venture Partners
Nikki Horn
Bessemer Venture Partners, Head of Events
+1 949 400 3355
Learn moreHighRadius Raises $300M Series C at $3.1 Billion Valuation to Accelerate Growth in Order-to-Cash and Treasury Markets
D1 Capital Partners and Tiger Global lead round with ICONIQ Growth and Susquehanna Growth Equity to fuel growth for
AI-powered Office of the CFO platform
Houston, TX – March 30, 2021 – HighRadius, the Artificial Intelligence-powered Order-to-Cash, and Treasury Management software leader, has raised $300 million in a Series C round at a valuation of $3.1 Billion. The investment was led by D1 Capital and Tiger Global with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity. The round also included investments from tech industry leaders, Frank Slootman, Chairman and CEO of Snowflake, Michael Scarpelli, CFO of Snowflake, Tooey Courtemanche, CEO of Procore Technologies, and Howie Liu, Co-founder and CEO of Airtable. The new capital will be used to fuel product innovation and expand global go-to-market reach.
The HighRadius AI-powered platforms for Order-to-Cash and Treasury Management help more than 600 clients, including more than 200 of the Forbes Global 2000, optimize their working capital. HighRadius was recently named to the Forbes Cloud 100 and identified as a Leader in both the Enterprise and the Mid-Market editions of the IDC MarketScape for Accounts Receivable Software.
Sashi Narahari, Founder and CEO of HighRadius, said: “We are excited to have D1 Capital Partners and Tiger Global join our existing investors, Susquehanna Growth Equity and ICONIQ Growth. Our goal has always been to build a long-lasting business that outlasts all of us. I look forward to working with such high-quality long-term investors who share a common vision of transforming the Office of the CFO using a combination of Artificial Intelligence built on top of connected finance workspaces and embedded analytics.”
“Our mission at D1 is to back visionary entrepreneurs as they solve large, pressing problems,” said Daniel Sundheim, Founder of D1 Capital Partners. “Offices of the CFO have historically relied on antiquated, analog processes and infrastructure to manage their accounts receivable and treasury functions. HighRadius is a clear leader in driving digital transformation in the Office of the CFO. We have been impressed by Sashi and his team’s long-term focus and look forward to joining the company’s journey.”
“HighRadius is in the opening innings of defining the next big software market for the Office of the CFO,” said John Curtius, Partner at Tiger Global Management. “HighRadius bears all of the signs of being a ‘category defining’ business for Order-to-Cash automation. We are thrilled to join the HighRadius team for the ride.”
HighRadius was advised by Atlas Technology Group for this transaction.
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
About D1 Capital Partners
D1 Capital Partners is a global investment firm that operates across public and private markets. The firm combines the talent and operational excellence of a large, premier asset management firm with the flexible mandate and long-term time horizon of a family office. Founded in 2018 by Daniel Sundheim, D1 focuses on investing in the global internet, technology, telecom, media, consumer, healthcare, financial, industrial, and real estate sectors.
About Tiger Global Management, LLC
Tiger Global Management is a leading global technology investment firm with over $60 billion under management. The firm focuses on private and public companies in the internet, software, and financial technology sectors. Since 2001, Tiger Global has invested in hundreds of companies across more than 30 countries, including investments ranging from Series A to pre-IPO. The firm aims to partner with dynamic entrepreneurs operating market-leading companies in its core focus areas. Tiger Global’s investments have included JD.com, UiPath, Stripe, Databricks, Bytedance, Snowflake, Facebook, Alibaba, Procore, Chime, Blend, Peloton, Attentive, Linkedin, Flipkart, and Toast.
www.tigerglobal.com
Media Contact
TrebleSarah Frankoff
highradius@treblepr.com Learn moreAutomated, proactive credit reviews and faster customer onboarding
Electronic invoicing through web, email, fax, print + mail and easy payments with ACH, credit cards
Zero-touch, straight-through remittance capture and payment posting
Automated research and resolution of trade and non-trade deductions
Automated dunning, improved collector KPIs, lower past-due and DSO
Accurate cash flow forecasts delivered automatically by Artificial Intelligence
Enable greater visibility and control on cash positions across all your bank accounts
Enrich your bank statements to achieve seamless straight-through processing
Experience the power of AI for
receivables & treasury
HighRadius AI is more than just software:
it automates financial processes and improves them through ongoing learning and predictive insights, and even provides a virtual assistant to expedite your day-to-day operations.
Purpose-built AI Engine
for Finance
Touch- and voice-based
Digital Assistant
