In early deployments, the company’s software has eliminated thousands of hours of manual work by automating invoice exception handling, sales order entry and other high-friction processes, CoPlane said in a Tuesday (Nov. 25) press release.
CoPlane Co-Founder and CEO Chris Sperandio said in the release that enterprises have not meaningfully improved their back offices in decades and that these firms’ general and administrative spend still accounts for 15% of their revenue.
“We’re building CoPlane to change that and to give tech, supply chain, manufacturing, healthcare and financial services enterprises the same kind of leverage that the best technology companies have long had with their own custom systems,” Sperandio said.
Jordan Angelos, partner at Ribbit, which led the seed round, said in the release that CoPlane has seen “surging demand” for its product.
“Back-office complexity is one of the biggest hidden taxes on large enterprises,” Angelos said. “CoPlane’s AI engine transforms legacy ERP-adjacent workflows into agentic applications that scalably get work done.”
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One of the early adopters of the software, OI Infusion Services CEO Joseph Brunink, said in the release that the product “has fundamentally elevated the way our organization operates.”
“In just a few months, their platform and team have multiplied the impact of our internal IT and operations groups — allowing us to scale our back-office infrastructure as efficiently as we scale our clinical footprint,” Brunink said. “Their hands-on enablement and problem-solving approach have delivered real, production-level solutions to complex workflows across finance, accounting and procurement.”
In another recent development in this sector, DualEntry emerged from stealth in October and said it raised $90 million in a Series A funding round and a total of $100 million over the previous 15 months for its AI-native ERP software.
In July, Campfire said it raised $35 million in a Series A funding round to continue building its AI-driven ERP system that is designed to support companies from startup through initial public offering.
During the same month, Tailor said it raised $22 million in a Series A funding round to support its headless ERP platform designed for retail businesses.
