#USA #AI Innovation #Tipalti #Finance Automation #Foster City

Tipalti Secures $200 Million Growth Financing

Foster City, California - In a bold move to redefine finance automation, Tipalti, a pioneering platform leveraging AI for financial operations, has announced it has secured $200 million in growth financing from long-time partner Hercules Capital, Inc. The financing, disclosed on September 24, 2025, is set to energize Tipalti's commitment to advancing artificial intelligence and bolstering its global presence.

Investment for Future Innovation

This funding announcement comes in the wake of Tipalti’s recent acquisition of Statement, an innovative treasury automation startup. The capital injection will be utilized to deepen the AI capabilities within Tipalti’s services. The latest iteration of Tipalti AI has been specifically designed to prioritize agentic functions, enhancing both the scope and efficacy of its AI tools. By embedding advanced AI technologies into the finance automation solutions, Tipalti aims to boost productivity while enabling finance teams to hone in on strategic priorities seamlessly.

Catherine Jhung, Senior Managing Director at Hercules Capital, expressed her support, stating, "We are thrilled to extend our partnership with Tipalti during this pivotal growth phase. Their commitment to innovation alongside robust growth is a unique combination. In today's fast-paced economic arena, businesses require partners who are both resilient and visionary, and Tipalti embodies these qualities."

Transforming Financial Operations

Tipalti's AI agents are designed to address the needs of today's businesses by automating repetitive tasks and providing actionable insights that free finance teams to engage in high-impact projects. Notably, these AI tools maintain a balance between control and automation, allowing finance professionals to oversee AI-generated decisions critical to their operations.

The newly announced features include:

• - Reporting Agent: Instantly generate tailored reports using natural language prompts that dig into supplier, procurement, invoice, and payment data. Users can refine parameters, adjust layouts, and filter information, enhancing real-time visibility.
• - Tax Form Scan Agent: Streamline supplier onboarding through automated tax compliance checks, expediting the extraction of crucial W-9 data.
• - Purchase Request Agent: Accelerate the intake workflow by automatically creating comprehensive purchase requests from brief descriptions and integrating streamlined approval processes.
• - Branded Experience Agent: Facilitate a smooth and branded onboarding process for payees using AI-driven customization, targeting speed, consistency, and reduced friction.

Kanan Mammadov, VP of Procurement at Lantern Community Services, praised Tipalti's innovations, stating, "The AI capabilities have transformed our operations significantly. Instant report generation and clear visibility into our approval workflows have been invaluable in ensuring data accuracy."

Enhanced Support with Tipalti AI Assistant

In tandem with these new features, the Tipalti AI Assistant has been upgraded to assist finance professionals of all expertise levels. This conversational agent combines comprehensive knowledge of Tipalti with advanced reasoning capabilities, making it a vital partner in addressing complex finance queries. Through its intuitive interface, teams can streamline repetitive workflows and derive valuable insights from financial data without engaging in cumbersome manual tasks.

Strong Performance and Global Growth

The announcement of this substantial financing comes alongside Tipalti’s impressive performance metrics, including surpassing an annual recurring revenue (ARR) of $200 million. The company has demonstrated year-over-year growth, with a customer base expansion of over 30%. More than 5,000 organizations, including renowned companies like Calm and Udemy, rely on Tipalti’s solutions to diminish manual workloads, enhance visibility, and ensure compliance globally.

As the company continues to bolster its global payments infrastructure, it has processed payments reflecting a $75 billion annualized volume, marking a more than 30% increase from the previous year, covering a diverse range of regions from the U.S. to Europe.

With Tipalti crossing the $200 million ARR milestone, CEO and Co-founder Chen Amit acknowledged the pivotal role their solutions play in helping finance teams scale effectively through intelligent automation. "Our ongoing innovation speaks to our mission of redefining what finance operations can achieve today and in the future."

Conclusion

Tipalti remains at the forefront of finance automation with its ambitious plans for expanding AI capabilities and global reach. As the company embarks on this exciting growth phase, it promises to continue setting benchmarks for efficiency and innovation in the finance sector. To learn more about their AI initiatives, visit Tipalti's website.