TranscendAP, a Hamilton, NJ-based provider of AI-powered accounts payable (AP) automation software, has secured a venture funding round.
Investors
The funding round was led by Rittenhouse Ventures and Tech Council Ventures.
Rittenhouse Ventures is an emerging-growth venture capital firm that partners with capital-efficient B2B SaaS, AI, and tech-enabled services companies. With a strategic focus on the Mid-Atlantic region and other underserved markets, Rittenhouse invests in companies generating $2M–$10M in revenue, typically in rounds of $5M or less.
Tech Council Ventures invests in the most promising early-stage, rapid-growth technology companies in the Mid-Atlantic region. The fund typically makes initial investments of $500,000 to $3M, with up to $4M–$5M available to support the company’s growth. The general partners are active investors, often (but not always) serving as Board Directors and lead investors.
TranscendAP Use of Funds
The investment will be used to scale operations, enhance TranscendAP’s AI-driven automation platform, and expand its market presence.
About TranscendAP
Led by CEO Jeff Weinstein, TranscendAP is an enterprise software company that provides a flexible and scalable AI-driven accounts payable (AP) automation platform capable of supporting the most complex workflows and processes. Its cloud-based platform leverages advanced AI for data capture, workflow automation, and exception handling. Headquartered in Hamilton, New Jersey, TranscendAP’s clients include Aspen Surgical, Loomis, George Mason University, Kaiser Aluminum, and Powell Industries.
Funding Details
Company: TranscendAP, Inc.
Raised: Undisclosed
Round: Venture Funding
Funding Date: October 2025
Lead Investors: Rittenhouse Ventures, Tech Council Ventures
Additional Investors:
Company Website: https://www.transcendap.com/
Software Category: Fintech / Accounts Payable Automation / AI
Source: https://transcendap.com/transcendap-secures-venture-funding-to-accelerate-ai-driven-ap-automation-growth/