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Startup Stampli Raises $61 Million, Aims To Bring AI To Accounts Payable

Published by: dailynews
Published on:

Stampli Inc., a startup that makes artificial intelligence-powered tools to help companies pay their bills, said Tuesday that it has raised $61 million in fresh funding.

Funds managed by Blackstone Inc. led the round. The company declined to give its valuation.

Stampli, whose customers include Grubhub Holdings Inc. and mattress maker Purple, uses AI to automate the processing of invoices and help businesses pay vendors. “AI became fashionable again and we’ve actually been using it for a long while,” said Chief Executive Officer Eyal Feldman.

Read the full story on Bloomberg here.