About 170 Systems
170 Systems is a company based in Bedford (United States) founded in 1990 was acquired by Kofax in September 2009. 170 Systems has raised $14 million across 1 funding round from investors including Polaris Partners and Tungsten Automation. 170 Systems operates in a competitive market with competitors including Razorpay, Bill.com, Zaggle, AvidXchange and Konfío, among others.
- Headquarter Bedford, United States
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name 170 Systems, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$14 M (USD)
in 1 rounds
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Latest Funding Round
$14 M (USD), Series A
Apr 16, 2002
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Investors
Polaris Partners
& 1 more
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Employee Count
Not available
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Acquired by
Kofax
(Sep 07, 2009)
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Funding Insights of 170 Systems
170 Systems has successfully raised a total of $14M through 1 strategic funding round. The most recent funding activity was a Series A round of $14 million completed in April 2002. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 170 Systems
170 Systems has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Polaris Partners and Tungsten Automation.
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US focused venture capital firm
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AI-powered workflow automation solutions are provided by Tungsten Automation.
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Investor details for 170 Systems
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Investments & Acquisitions by 170 Systems
Investment portfolio details for 170 Systems
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Financial Statements - 170 Systems
Detailed financials for 170 Systems
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170 Systems Comparisons
Peer comparison for 170 Systems
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Competitors of 170 Systems
170 Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Razorpay, Bill.com, Zaggle, AvidXchange and Konfío, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment and business banking solutions are provided for enterprises.
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Cloud-based accounts payable and receivable software for businesses
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Business spends, payments, and rewards are streamlined by automated workflows.
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Accounts payable and payment automation solutions are offered for businesses.
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Financial solutions platform provider
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Cloud-based purchase approval management software is provided for businesses.
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Detailed competitors of 170 Systems
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Latest news on 170 Systems
Complete news archive for 170 Systems
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Frequently Asked Questions about 170 Systems
170 Systems was founded in 1990 and raised its 1st funding round 12 years after it was founded.
170 Systems is headquartered in Bedford, United States.
170 Systems is a funded company, having raised a total of $14M across 1 funding round to date.
170 Systems was founded in 1990 in Bedford, United States, focusing on business process management software for financial operations. Solutions are offered to automate accounts payable, expense management, procurement, accounts receivable, general ledger, asset management, project re-billing, and human resources. The flagship 170 MarkView Financial Suite serves major clients including Bank of Montreal and Verizon Wireless. Acquisition by Kofax occurred in 2009.
170 Systems has 2 investors. Key investors include Polaris Partners, and Tungsten Automation.