Xelix, a London, UK-based agentic AI software program firm, raised $160M in Sequence B funding.
The spherical was led by Perception Companions, with participation from Ardour Capital and LocalGlobe.
The corporate intends to make use of the funds to speed up platform improvement and assist extra organizations in adopting AI for his or her finance operations
Led by CEO Paul Roiter, Xelix specializes within the accounts payable audit and controls area. Its AI-powered platform bolts onto current ERP and finance programs to detect fee errors and fraud, automate provider assertion reconciliations and streamline AP Helpdesk operations. Utilized by world enterprises, it helps finance groups cut back danger, generate price financial savings and drive effectivity throughout accounts payable.
At present, its platform gives three core options, processes over 115 million invoices yearly and audits greater than $750 billion in spend throughout 130+ world prospects.
This funding adopted a interval of capital-efficient progress for Xelix, pushed by a differentiated product providing, huge buyer ROI and a deep dedication to shopper assist and worth realisation.
As a part of the funding, Hinkle and Alessandro Luciano, Vice President at Perception Companions, will be a part of the Xelix board of administrators.
FinSMEs
21/07/2025
