RightRev, a Santa Clara, California-based cloud-based finance and accounting solutions provider for Revenue Recognition Automation, came out of the gate with $5 million.

The funding was co-led by Norwest Venture Partners and Salesforce Ventures, with participation from IDEA Fund Partners, Two Sigma, GoBig.ai, and Correlation Ventures.

The new funds will be used to accelerate product development and expand the company's go-to-market channels across the U.S. and globally.

Company: RightRev Inc.

Raised: $5.0M

Round: 

Funding Month: November 2021

Lead Investors: Norwest Venture Partners and Salesforce Ventures

Additional Investors: IDEA Fund Partners, Two Sigma, GoBig.ai, and Correlation Ventures

Company Website: http://rightrev.com/

Software Category: Revenue Recognition software

About the Company: Founded in 2020, RightRev's accounting solutions power today's everything-to-revenue ecosystem, offering superior functionality with integrated finance and accounting compliance to keep pace with an accelerated shift of business processes to the cloud. Embedded within the Salesforce platform, RightRev's Advance Revenue Recognition software complements Salesforce's integrated CRM, CPQ, Subscriptions, Orders, Billings, and Cash Collection. RightRev is backed by leading investors, including Salesforce Ventures, Norwest Venture Partners, IDEA Fund Partners, Two Sigma, GoBig.ai, and Correlation Ventures.

Source: https://www.prnewswire.com/news-releases/rightrev-launches-with-5-million-to-accelerate-product-development-and-go-to-market-executions-301414268.html