Company Name: Stampli
Location: Mountain View, CA
Product: AI-powered accounts payable automation platform
- Funding led by: Funds managed by Blackstone
- Participation from: Insight Partners, SignalFire, Bloomberg Beta, NextWorld Capital
- Total Funding Amount: Over $148M
- Purpose of Funding: Expand operations and extend business outreach
Leadership: Eyal Feldman, CEO
About Company: Stampli is an AP automation maven, merging AP communications, paperwork, and payments. By focusing on invoice-based communications, Stampli accelerates approval processes and minimizes friction in AP departments.
Its AI assistant, Billy the Bot, personalizes to an organization, automating various AP tasks.
Compatible with 70+ ERPs, the company's suite extends beyond AP, with offerings like Stampli Credit Card and Stampli Direct Pay. Currently, Stampli aids 1,300 customers in enhancing their accounts payable processes.