RightRev, a Santa Clara, CA-based company specializing in automated revenue management for businesses, has raised $13 million in Series A funding, bringing its total funding to over $31 million.
Investors
The round was co-led by Cheyenne Ventures and Innovius Capital, with participation from repeat investors Norwest Venture Partners, Salesforce Ventures, and Snowflake Ventures.
Cheyenne Ventures is a growth-stage venture capital firm based in Woodside, California. The firm specializes in providing flexible equity financing to companies at the expansion stage, often leading investments or joining syndicates with top-tier VCs. Cheyenne Ventures focuses on sectors such as AI infrastructure, cybersecurity, cloud management, SaaS, consumer products, and health innovations.
Innovius Capital is a venture capital firm based in San Francisco, focused on investing in innovative companies at the Series B stage, particularly in the SaaS and FinTech sectors. Beyond financial investment, Innovius Capital provides operational support to help companies scale effectively.
RightRev Use of Funds
The company will use the funds to accelerate its product innovation, market expansion, and growth of its partner ecosystem to meet the rising demand for revenue automation, especially in the AI era.
About RightRev
Founded by Jagan Reddy, RightRev provides a comprehensive platform for automating revenue management. The solution helps businesses streamline, recognize, report, analyze, and comply with revenue standards. Its platform supports various revenue models, including subscriptions, consumption-based, and professional services. It offers configurable revenue rules, event-based revenue recognition, and automated journal entries. RightRev serves a diverse range of clients, including key customers in the technology, services, and SaaS industries.
Funding Details
Company: RightRev Inc.
Raised: $13.0M
Round: Series A
Funding Date: May 2025
Lead Investors: Cheyenne Ventures, Innovius Capital
Additional Investors: Norwest Venture Partners, Salesforce Ventures, Snowflake Ventures
Company Website: https://www.rightrev.com/
Software Category: Automated Revenue Management
Source: https://www.prnewswire.com/news-releases/rightrev-secures-13-million-in-series-a-funding-to-extend-leadership-in-automated-revenue-management-302445634.html