Connect with us

Technology

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

Published

1 year ago

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

Related Topics:
Continue Reading

Technology

STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

Published

22 minutes ago

on

October 24, 2026

By

NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

View original content:https://www.prnewswire.com/news-releases/stephen-a-smith-addresses-white-house-dinner-attendance-reaffirms-commitment-to-hbcus-and-protecting-corporate-investment-in-black-education-302918547.html

SOURCE Straight Shooter Media

Continue Reading

Technology

Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

Published

22 minutes ago

on

October 24, 2026

By

TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

Continue Reading

Technology

Club Offers for Travel Enthusiasts in Canada

Published

1 hour ago

on

October 23, 2026

By

TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

Continue Reading

Trending