Opkey, an AI-based ERP testing platform, raises $47M
Companies are experimenting with services like ChatGPT to help workers write memos, answer questions, and much more, yet one of the clearest signs
Companies are experimenting with services like ChatGPT to help workers write memos, answer questions, and much more, yet one of the clearest signs of how much traction AI is really getting in the world of enterprise IT is how often it figures in the more routine applications that organizations use. Today, a startup that exemplifies that axiom is announcing funding, underscoring that pace of enterprise AI adoption.
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Opkey has built an AI platform to help organizations continuously test finance, HR and other enterprise resource planning (ERP) software. Now, on the back of some strong customer traction — more than 200 large enterprise customers; partnerships with system integrators like KMPG and PwC — it’s closed a Series B of $47 million.
PeakSpan Capital is leading the round, with participation from previous backers, with current investors including UST Global, Verica, Vertical and India’s YouNest. This Series B is a big step up for Dublin, CA-based Opkey: prior to it, the company had only raised $12 million. It’s not disclosing valuation.
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