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HighRadius which markets AI-based AR and treasury applications, has raised $300 million in Series C funding. The SaaS company said the business is valued at $3.1 billion. The company said this week the proceeds will be used in product development and expanding its go-to-market efforts globally.

Early last month HighRadius said it had integrated its RadiusOne A/R Suite with the Sage Intacct  and the product is available in the Sage Intacct Marketplace. RadiusOne A/R offers an eInvoicing and Collections, Cash Reconciliation and Credit Risk applications for mid-sized businesses. The investment was led by D1 Capital and Tiger Global with participation from existing investors ICONIQ Growth and Susquehanna Growth Equity. Individual investors include Toeey Courtemanceh, CEO of Procore Technologies; two Snowflake leaders, Frank Slootman, CEO, and Michael Scarpelli, CFO; and Howard Liu, CEO of Airtable.

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