Built Technologies has introduced an AI agent to simplify the draw request process for construction financing, significantly speeding up approvals and improving compliance. The system reduces processing time to minutes and enhances risk detection, benefiting lenders and developers alike.

Tipalti has secured $200 million in growth financing from Hercules Capital to enhance its investments in artificial intelligence and product innovation, as well as to support customer growth. The firm, which recently surpassed $200 million in annual recurring revenue, focuses on accounts payable automation and serves around 5,000 global companies. This financing follows Tipalti's acquisition of treasury automation startup Statement, aimed at improving its AI capabilities.