Houston-based working capital optimization software raised a $125m Series B round from ICONIQ Capital at a $1b valuation.
“For example, if you bill your customers, the average time to get paid from the time of billing is about 45 days,” he said. “We use various sets of technologies to help companies reduce that by 10 percent.” While that might not sound like a big deal, Narahari maintains that 10 percent, when you’re talking about large sums of money, provides “huge value” to a company’s bottom line in terms of working capital optimization.
https://news.crunchbase.com/news/houston-we-have-a-new-unicorn-highradius-raises-125m-series-b/