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September 24, 2025 - Deals
AppZen Raises $180M In Growth Funding Led By Riverwood Capital
AppZen, a San Jose, CA-based provider of an agentic AI platform for finance teams, raised $180M in growth funding led by Riverwood Capital. Led by CEO Anant Kale, the company will use the new capital to expand its AI studio with AI agents and accelerate global go-to-market efforts. AppZen powers autonomous finance operations for Fortune 500 and global companies including Amazon, Boeing, Salesforce, Novartis, and JPMorgan Chase, helping enterprises streamline multi-entity, multi-currency finance processes while reducing fraud-related losses and driving efficiency gains.
INVESTOR: Riverwood Capital
AMOUNT: $180,000,000
HQ: #SanJose #California
#VentureCapital #RealEstate #AnantKale #RiverwoodCapital #TradedVC
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Businesses Increase AI Spending As Anthropic Leads Adoption At 43.5%Ramp’s latest AI Index shows businesses are continuing to increase AI spending despite rising pressure from cheaper and open-source models. In July, the top 1% of businesses spent a median $7,400 per employee on AI, compared with $650 for the top 10% and $11.95 for the median firm, while Anthropic led business adoption at 43.5%, ahead of OpenAI at 39.7%.
#VentureCapital #Ramp #TradedVC