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OpenEnvoy is the Applied AI platform that unifies payables, contracts, receivables, and transactions to free Finance teams from clerical work. OpenEnvoy provides customers with AI that eliminates coding errors, over-billings, and fraud to improve operating efficiency and cash flow without impacting suppliers or IT. With OpenEnvoy, customers have eliminated more than $400M in losses.
Investor insights
Funding rounds participated in
$15M sweet spot round size
Investor type
Privately Held
Basic info
Industry
Software Development
Sectors
Software Development
Date founded
2020
Funding rounds raised
Total raised
$15M
from 2 investors over 1 rounds
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OpenEnvoy raised $15M on June 3, 2023
Investors: RRE Ventures and + 3 Other investors