Apttus, a quote-to-cash and contract lifecycle management company, has additional funding to its Series E funding round from IBM.
Apttus also raised capital last year, bagging $55m in its Series E funding round led by Premji Invest. The investment brought its total funding efforts to around $329m.
US-based Apttus is an AI-powered quote-to-cash and contract lifecycle management platform, helping to automate and optimise the tasks. The quote-to-cash process connects a customer’s intent to buy, spanning across sales, contract and customer relationship lifecycles.
Apttus helps to ensure businesses keep compliant with the required regulations, with the solution conducting onboarding processes.
Following the new investment, Apttus will look to integrate IBM Cloud and Watson capabilities, among other IBM technology and services.
The equity injection will be used by Apttus to further its implementation of AI-based solutions, such as revenue generation and commercial relationships management.
IBM Ventures managing director George Ugras said, “IBM is dedicated to fueling innovation and advancing how AI is implemented across industries through strategic investments and collaborations. Through this investment in Apttus, we aim to encourage creativity and entrepreneurial spirit that will drive IBM AI and cloud technologies into new applications and enterprises.”
Last year, Apttus made several new hiring’s, with the company appointing former-Imperva CFO Terry Schmid as its new CFO. In the same month, the company added former Cisco Systems EVP and CMO Sue Bostrom and Veeva Systems CFO Tim Cabral to its board of directors.
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