Tipalti Secures $200 Million in Growth Financing To Drive Next Wave of AI Innovation in Finance

Tipalti, the AI-powered platform for finance automation, today announced it has secured $200 million in growth financing from long-time partner Hercules Capital, Inc. (NYSE: HTGC). The financing will fuel Tipalti’s continued investment in artificial intelligence (AI) and product innovation, as well as support its global growth. 

Building on its recent acquisition of AI-native treasury automation startup Statement, Tipalti has introduced the next evolution of Tipalti AI, redesigned with an agentic focus in mind. Enhanced with more powerful, context-aware AI agents, Tipalti AI expands both the breadth and depth of its AI capabilities. Embedded across the full spectrum of finance automation solutions, Tipalti AI enables finance teams to increase productivity, surface richer insights, and focus their time on strategic priorities. 

“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.” 

Elevating Finance with Practical AI Agents

Designed to meet the demands of today’s real-time economy, Tipalti’s AI Agents eliminate repetitive tasks and surface meaningful insights, freeing finance teams to focus on higher-impact initiatives. Equally important, Tipalti AI maintains a careful balance between automation and control, giving finance professionals the ability to review and override AI-powered decisions, such as critical approvals and payments. By working in unison with Tipalti’s built-in financial and regulatory controls, Tipalti’s expanding bench of AI agents is redefining what’s possible in finance operations:

• Reporting Agent: Generate customized reports instantly with intuitive natural language prompts to pull actionable insights from supplier, procurement, invoices, and payment data. Users can refine parameters, adjust layouts, filter data, and save dashboards for real-time visibility.
• Tax Form Scan Agent: Automate supplier onboarding with embedded tax compliance scanning to extract W-9 data and accelerate approvals.
• Purchase Request Agent: Expedite the intake process by auto-generating complete purchase requests from simple descriptions, connecting approval processes and parallel approval support, and streamlining communication. 
• Branded Experience Agent: Deliver a seamless, branded payee onboarding experience with AI-powered customization, ensuring speed, consistency, and reduced friction.

 “Tipalti’s AI capabilities have streamlined our operations tenfold. With invoice capture and real-time reporting, my team has complete visibility into approvals, coding history, and potential errors,” said Kanan Mammadov, VP of Procurement at Lantern Community Services. “I can now generate reports instantly, clearly see approval workflows, and trust that the data is accurate every time.”