Tipalti, a leading AI-powered finance automation platform, has raised $200 million in growth financing from long-time partner Hercules Capital, Inc. The funding will support Tipalti’s continued global expansion, product innovation, and advancements in artificial intelligence for finance operations.
Building on its acquisition of AI-native treasury automation startup Statement, Tipalti has unveiled an upgraded version of Tipalti AI, now with agentic AI capabilities that enhance both the scope and depth of automation across finance workflows. Embedded across the platform, Tipalti AI enables teams to boost productivity, extract actionable insights, and focus on strategic priorities while maintaining oversight over critical approvals and payments.
“We are proud to deepen our long-standing partnership with Tipalti at such an exciting stage of their growth journey,” said Catherine Jhung, Senior Managing Director of Hercules Capital. “Their proven track record of pairing strong growth with meaningful product innovation makes them a rare company. In today’s economic climate, where efficiency and agility are table stakes, businesses need partners who are not only resilient but forward-thinking, and Tipalti exemplifies both.”
Tipalti AI introduces specialized agents designed to streamline finance operations:
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Reporting Agent – Instantly generates customized reports from procurement, invoices, and payment data with natural language prompts.
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Tax Form Scan Agent – Automates supplier onboarding and extracts tax compliance data for faster approvals.
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Purchase Request Agent – Converts simple descriptions into complete purchase requests while integrating approval workflows.
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Branded Experience Agent – Delivers a consistent, AI-powered onboarding experience for payees.
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“Tipalti’s AI capabilities have streamlined our operations tenfold,” said Kanan Mammadov, VP of Procurement at Lantern Community Services. “With invoice capture and real-time reporting, my team has complete visibility into approvals, coding history, and potential errors. I can now generate reports instantly and trust the data every time.”
The upgraded Tipalti AI Assistant complements these agents with conversational intelligence, providing finance teams with instant answers, actionable insights, and workflow automation through an intuitive chat interface.
Tipalti’s AI investment coincides with strong business momentum. The company recently surpassed $200 million in annual recurring revenue (ARR), growing its customer base by 30% year-over-year. Over 5,000 global companies, including Calm, Udemy, AG1, and AppLovin, rely on Tipalti to automate workflows, enhance visibility, reduce risk, and maintain compliance. Tipalti’s platform now processes $75 billion in annualized payments across the U.S., Europe, and other key markets, marking over 30% year-over-year growth.
“Crossing over the $200M ARR threshold is a testament to both the value we deliver to our customers and the growing urgency for finance operations efficiency globally,” said Chen Amit, CEO and Co-founder of Tipalti. “As trust and reliability are paramount, we’re proud to help mid-market finance teams scale smarter with intelligent automation. Our market opportunity is immense, and we’re building for long-term impact as we redefine what’s possible with AI in modern finance.”
