US-based revenue and payroll platform Sequence has raised $20 million in its Series A funding round, led by 645 Ventures. Andreessen Horowitz (a16z), Firstminute Capital, Passion Capital, Dig Ventures and Vor Capital also invested funds during the raise.
Sequence has earmarked the proceeds to expand both its engineering and go-to-market teams, and to also further develop its agentic AI solutions tasked with eliminating manual operations in finance.
Founded in 2021 by CEO Riya Grover and Eamon Jubbawy, Sequence was created to target a $165 billion order-to-cash market “overdue for disruption”. Using AI across the entire contract-to-cash cycle, Sequence’s AI agents automate communications, detect anomalies and variances in invoices and convert contracts into automated billing and invoicing schedules, all synced to CRM and ERP.
The new injection of capital brings Sequence’s total funding to date to $40 million and is concluded after a year which saw the company grow AAR tenfold, reach 100 customers, and automate over $1 billion in annual invoice volume.
Elsewhere in the industry, finance and accounting software provider BlackLine recently acquired WiseLayer to accelerate its digital workforce solution and enable customers to “automate challenging, judgment-based tasks, starting with accruals and payroll accounting”.
Source: https://www.fintechfutures.com/
