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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.
The software company plans to boost its product capabilities and strategic partnerships so that it can deliver enhanced compliance and regulatory support to the cannabis and hemp industries.
The funding will accelerate the company’s move to a full-service health benefits technology platform.
The deal solidifies AMP’s regional presence in South Hampton Roads and serves as a blueprint for future growth.
In addition to expanding its AI capabilities, Filevine also plans to invest in broadening its enterprise and government customer bases.
The financing brings Groq’s post-money valuation to $6.9 billion and will support the company’s global expansion efforts.