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The integration connects traditional financial services with the digital asset economy.
The company, which works with government and life sciences organizations, plans to scale its software infrastructure and grow its engineering team.
The collaboration will support digital asset payment capabilities for Citi’s institutional clients.
The Series A will fuel the development of its AI-native platform and support expansion into global regulatory markets.
Led by Andreessen Horowitz, this latest raise brings Reducto’s total capital to $108 million.
The company’s new name is meant to reflect its focus on providing accounts payable solutions for NetSuite enterprise users.
The investment, co-led by Accel and Peak XV, will help the company scale its platform for data-intensive enterprise applications.
The capital infusion will support the expansion of the company’s AI-native observability vision and accelerate growth in the U.S. and Europe.
The company emerged from stealth with an AI-native platform to modernize legacy ERP software.
The healthtech platform will use the capital to accelerate its AI solution for better patient experiences.
The company will use its Series B to accelerate its proprietary AI development for media buying and creative production on connected TV.
The deal marks FusionTek’s second acquisition in Washington this year.