May 21 - 15:05
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Ivalua raises $60 million in new funding round
Ivalua has been financed to the tune of $60 million. The spend management software firm closed the equity round at a valuation of over $1 billion. It is expected to pass $100 million in revenue for the first time this year. Ivalua has built a cloud-based source-to-pay platform for supply chains. The technology is used by over 300 customers, including the likes of Whirlpool and Michelin.
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