Connect with us

Technology

RightRev Secures $13 Million in Series A Funding to Extend Leadership in Automated Revenue Management

Published

on

ROSEVILLE, Calif., May 5, 2025 /PRNewswire/ — RightRev, a leader in automated revenue management, today announced the close of a $13 million Series A funding round, bringing total funding to over $31 million. The investment was co-led by Cheyenne Ventures and Innovius Capital, with notable participation from several repeat investors, including Norwest Venture Partners, Salesforce Ventures and Snowflake Ventures.

This investment follows RightRev’s recent recognition as a leader in the 2024 MGI Research Automated Revenue Management Buyers’ Guide. This showcases the company’s position as a trusted solution for enterprise organizations, such as Snowflake, the AI Data Cloud company, and Drata, which rely on RightRev to manage complex revenue scenarios across diverse industries.

The new capital will accelerate RightRev’s product innovation, go-to-market expansion and partner ecosystem growth as the company scales to meet the surging demand for revenue automation, especially in the AI era.

“Revenue management is no longer a back-office function—it’s a strategic capability,” said Jagan Reddy, CEO and founder of RightRev. “AI is enabling entirely new business models, from on-demand, consumption-based and outcome-driven, that create massive complexity in how companies recognize revenue. RightRev was purpose-built to handle this shift. With this funding and the backing of world-class investors, we’re doubling down on our mission to deliver speed, accuracy and intelligence to revenue teams around the world.”

Backed by Leading Investors
“As finance operations modernize, the demand for intelligent automation in revenue systems is accelerating,” said Justin Moore, CEO and founding partner at Innovius Capital. “RightRev transforms revenue recognition from a compliance burden into a source of insight and competitive advantage. With strong enterprise adoption, seamless integrations and a category-defining product, RightRev is poised to become the core system of record for revenue in the AI-powered enterprise.”

“Revenue recognition remains one of the most complex and mission-critical challenges in the back office. With unmatched domain expertise and a platform built to support high-volume, AI-driven business models, Jagan and the RightRev team have redefined the standard,” said Scott Beechuk, partner at Norwest. “We believe RightRev is uniquely positioned to shape the future of revenue automation.”

Setting the Bar for Revenue Management Excellence
RightRev’s platform combines deep expertise in revenue accounting with modern software architecture, enabling organizations to manage intricate revenue scenarios while ensuring compliance with ASC 606 and IFRS 15. In addition to its native integration with Salesforce Revenue Cloud, the platform seamlessly connects to upstream and downstream systems across the entire Order-to-Cash lifecycle. This flexibility enables finance teams to operate within their existing environments while benefiting from RightRev’s agility, high-volume processing capabilities and accuracy.

Fueling Innovation and Growth
The new funding will support:

Expanding AI capabilities – Embedding AI across the platform to accelerate configuration, automate error detection and streamline high-volume data processing. RightRev’s AI engine powers real-time policy application, anomaly detection and faster implementations, reducing manual effort while increasing audit confidence.

Supporting evolving business models – As companies shift toward on-demand, consumption-based and outcome-driven pricing, revenue recognition becomes exponentially more complex. RightRev is uniquely positioned to address this shift, automating compliance with ASC 606 and IFRS 15 while providing deep insight into current and future revenue performance.

Accelerating market expansion – Scaling sales, marketing, partnerships and customer success to support growing enterprise demand. RightRev’s native integration with Salesforce Revenue Cloud and expanding support for other Order-to-Cash platforms and ERPs make it the ideal choice for finance teams navigating the shift to intelligent revenue infrastructure.

About RightRev
RightRev is a comprehensive platform to automate revenue management. The solution helps businesses streamline, recognize, report, analyze and comply with revenue standards. With a focus on speed, accuracy, and efficiency, the company continues to enhance its platform with artificial intelligence (AI) and new capabilities that simplify data migration, implementation and third-party integrations. Trusted by large enterprises and growth-stage companies across many industries, RightRev empowers finance teams to manage complex revenue scenarios and drive strategic growth. Founded in 2020, RightRev has raised more than $31 million from investors that include Norwest Venture Partners, Salesforce Ventures, Snowflake Ventures, Innovius Capital and Cheyenne Ventures.

For more information, visit www.RightRev.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rightrev-secures-13-million-in-series-a-funding-to-extend-leadership-in-automated-revenue-management-302445634.html

SOURCE RightRev

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Hainan and Hong Kong explore greater economic cooperation

Published

on

By

HAIKOU, China, May 22, 2026 /PRNewswire/ — A news report from China Daily:

Delegates from Hainan province and Hong Kong pledged deeper collaboration in finance, technology, data flows and tourism during a conference in Haikou on Thursday, with officials positioning the southern island province as a gateway for international companies entering the Chinese mainland market.

Hainan Party Secretary Feng Fei called on Hong Kong entrepreneurs to expand investment in the Hainan Free Trade Port, which offers zero-tariff policies, low tax rates and a simplified tax system. He promised “maximum sincerity, optimal services and the best environment” for businesses setting up operations in Hainan.

“Hong Kong and Hainan have walked forward hand-in-hand, and the road to cooperation has grown wider,” Feng said.

Jonathan Choi Koonshum, chairman of the Chinese General Chamber of Commerce and the Hong Kong-based Sunwah Group, highlighted policy synergies between Hainan’s zero-tariff policies and Hong Kong’s free-port framework.

He recommended that Hong Kong companies, particularly in electronics and pharmaceuticals, establish factories in Hainan to benefit from tariff exemptions on value-added processed goods, helping build cross-border supply chains for the Asia-Pacific market.

Choi also proposed a cross-border “bonded computing power zone” in Hainan, allowing Hong Kong researchers to access lower-cost computing resources on the mainland through a whitelist management system.

“Hainan has unique policy advantages in cross-border data flows and power costs,” he said.

Xing Dandan, CEO of Hainan Modern Technology Group, called for a “front store, back factory” model to deepen Hainan-Hong Kong ties. She identified four priority areas: international computing power trading, space data exports, AI-driven remote sensing services, and leveraging Hong Kong’s capital markets to support AI development.

“This month we completed the country’s first approved space data export order, reflecting the free trade port’s policy advantages,” Xing said.

Connie Leung, vice-chairwoman of the culture committee of the Hong Kong Chinese General Chamber of Commerce, said Hainan’s production and processing capabilities could complement Hong Kong’s financial and professional services.

Hong Kong has long been Hainan’s largest source of external investment. In 2025, Hong Kong companies established 793 new ventures in Hainan, while trade between the two sides reached 9.35 billion yuan ($2.6 billion), more than triple the 2020 level.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/hainan-and-hong-kong-explore-greater-economic-cooperation-302781380.html

SOURCE China Daily

Continue Reading

Technology

Antaisolar Launches We Cover Solar Roof One-Stop Solution

Published

on

By

XIAMEN, China, May 25, 2026 /PRNewswire/ — On May 20, Antaisolar has launched its We Cover | Solar Roof One-stop Solution, addressing key pain points in the rooftop solar market through comprehensive product portfolios, breakthrough installation technology, large-scale manufacturing, and full customer empowerment. As a leading supplier of solar roof mounting system, Antaisolar has shipped over 20 GW of distributed PV mounts globally and maintained top market share in Australia, Japan, the Americas, and Southeast Asia for many years.

ALTRA Rooftop Mounting System Series Unveiled

To tackle complex roof types and varying standards, Antaisolar introduced the ALTRA Rooftop Mounting System Series. Designed on the principle that every rooftop deserves the right solution, ALTRA offers a scenario-based, performance-tiered portfolio covering 4 major applications through 3 product lines: PRO, BASE, and LITE.

PRO delivers maximum performance and installation efficiency, BASE provides the best balance of performance and cost, and LITE offers a simple, economical solution for areas with lower wind and snow loads.

SnapFit Flash Installation System Breaks Efficiency Barriers

A highlight of the event was the live demonstration of the SnapFit Flash Installation System on a real metal roof. By integrating grounding into pre-assembled components and using an innovative injection-molded spring structure, SnapFit simplifies installation into just three simple actions: place, rotate, and snap. No complex tools are required, reducing on-site steps and boosting installation efficiency by up to 50%.

In-house Manufacturing Ensures Reliable Delivery

Antaisolar’s updated manufacturing foundation underpins the solution. The new 160,000㎡ industrial park has an annual capacity of 15GW (10GW aluminum + 5GW carbon steel) with a fully integrated production system.

The base features three core workshops: Extrusion & Oxidation for aluminum forming and surface treatment, Precision Machining for high-accuracy cutting and forming, and Carbon Steel for high-strength profiles. A self-built 6MW rooftop PV project generates about 7.17 million kWh annually for self-use, supporting a green production cycle.

Focus on Long-Term Customer Value

As a full-process customer empowerment partner, Antaisolar meets the needs of every client.

We have launched the SolarAID intelligent roof design platform — a simple, user-friendly tool integrating roof mapping, smart layout, and one-click quotation.

For distributors, Antaisolar offers a comprehensive value-chain empowerment system, including joint brand building, standardized kit delivery, and full technical support to help them execute projects efficiently.For MW-scale C&I customers, we provide full-lifecycle services, ensuring smooth project delivery and long-term stable operation

More about Antaisolar: antaisolar.com 

View original content:https://www.prnewswire.com/news-releases/antaisolar-launches-we-cover-solar-roof-one-stop-solution-302781385.html

SOURCE Antai Solar

Continue Reading

Technology

Invest Qatar Visits SUS ENVIRONMENT’s Jiaxing Waste-to-Energy Plant, Exploring Clean Energy Collaboration in the Middle East

Published

on

By

JIAXING, China, May 26, 2026 /PRNewswire/ — On May 20, a delegation from the Investment Promotion Agency Qatar (Invest Qatar) visited SUS ENVIRONMENT’s flagship waste-to-energy plant in Jiaxing, Zhejiang Province, as part of ongoing efforts to strengthen ties with leading international institutional investors. The visit provided a valuable platform for both parties to explore potential collaboration frameworks. Senior representatives engaged in extensive discussions on technological innovation, operational excellence, and emerging market opportunities, ultimately reaching broad consensus on multiple avenues for future cooperation and mutual development.

During the comprehensive site tour, delegation members visited the exhibition center, equipment corridor, waste crane control room, and central control room, gaining firsthand insight into the complete waste-to-energy conversion process. The clean, odorless, and highly automated working environment effectively challenged long-standing stereotypes about waste management infrastructure. Real-time emissions monitoring demonstrated performance consistently meeting stringent national and international environmental standards. “The automation and emission performance here significantly reduce operational costs,” remarked the delegation, commending the facility’s advanced environmental controls and intelligent integrated management systems.

The visit reflects SUS International’s accelerating global expansion. In March, the Thailand Nonthaburi waste-to-energy project successfully completed core equipment hoisting—Steam drum precisely positioned. In April, the Uzbekistan Kashkadarya waste-to-energy project passed its Unit 1 boiler hydrostatic test on the first attempt. In May, the Vietnam Ho Chi Minh City waste-to-energy project launched waste heat boiler lifting. The company is also actively advancing strategic expansion across the Middle East, engaging regional stakeholders to identify project opportunities and establish local partnerships in response to growing demand for sustainable waste management and clean energy solutions.

About SUS ENVIRONMENT

SUS ENVIRONMENT is the global leading comprehensive environment provider. *As of December 2025, SUS ENVIRONMENT has established 11 management centers worldwide, providing environmental and energy services to over 100 million people. It has invested in and constructed over 90 waste-to-energy plants (low-carbon Eco-industrial parks), with a daily processing capacity nearly 120,000 tonnes of municipal solid waste. The annual green power generation is approximately 20,000 GWh.

* Data from the Environmental Sanitation Net Of China and public data. The statistical scope is the total design scale. The data are as of December 31, 2025.

Logo – https://mma.prnewswire.com/media/2473631/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/invest-qatar-visits-sus-environments-jiaxing-waste-to-energy-plant-exploring-clean-energy-collaboration-in-the-middle-east-302781390.html

Continue Reading

Trending