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Apttus Raises $55 Million Series E Funding RoundSAN MATEO, Calif., Sept. 13, 2017 /PRNewswire/ -- Apttus, which provides the first and only platform to combine end-to-end Quote-to-Cash business process automation with behavior applications and artificial intelligence to enable customers to maximize revenue, today announced it has raised a $55 Million Series E funding round. Investors in this round include new investor, Premji, and existing investors Salesforce, K1, and Iconiq.
"Apttus pioneered and defined the Quote-to-Cash and Contract Lifecycle Management markets and is aleader in these segments. Now with the advent of Max, Apttus' artificial intelligence agent, we have redefined this market yet again," said Kirk Krappe, Chairman and CEO of Apttus. "Today, we've secured funds that will allow our ongoing advancement of an industry we helped create over a decade ago." "Premji Invest is always highly selective in its investments, working with the strongest management teams and the most promising companies," said Sandesh Patnam, Partner and Lead Investor in the US for Premji Invest. "In Apttus, we have found a team and market opportunity that fits that description perfectly, and we look forward to working with them to help realize the full potential of the platform." "Salesforce Ventures invests in the next generation of enterprise technology to help companies connect with their customers in entirely new ways," said John Somorjai, EVP of Corporate Development and Salesforce Ventures. "Apttus' Quote-to-Cash capabilities extend the value of the Salesforce Platform." "The Salesforce Platform has been a foundation empowering Apttus to innovate and drive towards continued customer success," said Kirk Krappe, Chairman and CEO of Apttus. "Over the past ten years, Salesforce has been a valuable partner and investor in Apttus, and we look forward to continuing to work together to drive continued innovation in the Quote-to-Cash category." Goldman Sachs & Co. LLC served as placement agent on the transaction. About Apttus Press Contact: Alex Cohen
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