About OpenEnvoy
OpenEnvoy is a Financial Services company based in Las Vegas (United States) founded in 2020 by Parker Moore and Matthew Tillman. Cloud-based AI detects fraud in business accounts payable processes. It operates in the Financial Services and Technology sectors. OpenEnvoy has raised $21.5 million across 2 funding rounds from investors including FireBolt, RRE Ventures and Coelius Capital. Its chief executive, as recorded, is Matthew Tillman. OpenEnvoy offers products and services including OpenEnvoy Platform, Autonomous AP, Autonomous AR, and Freight Audit. Its focus areas include FinTech, Finance & Accounting Tech, Risk & Compliance Management and E-invoicing Compliance. Its competitors include Wolters Kluwer, Secureframe and Hyperproof; 2 of its 3 listed competitors have raised funding.
Company details
OpenEnvoy was founded in 2020 and is headquartered in Las Vegas, United States. A cloud-based platform is operated to address fraud detection in accounts payable for businesses. Invoice auditing, contract validation, and discrepancy identification are facilitated through AI-driven tools. Real-time analytics for spend insights and savings tracking are provided, alongside vendor and supplier network management services in the fintech sector.
- Headquarters Las Vegas, United States
- Founders Parker Moore, Matthew Tillman
- SectorsFinancial ServicesTechnology
- Website openenvoy.com
- Social LinkedIn X Facebook
- Total Equity Funding$21.5M (USD)
in 2 rounds
- Latest Funding Round$15M (USD), Series A
May 2023
- InvestorsFireBolt
& 8 more
Products & Services of OpenEnvoy
OpenEnvoy offers a comprehensive portfolio of products and services, including OpenEnvoy Platform, Autonomous AP, Autonomous AR, and Freight Audit.
AI platform for automating AP and AR processes
Tool to capture, code, and match invoices in real time
Automates cash application and order entry workflows
Identifies fraud and duplicates in freight payments
Funding Insights of OpenEnvoy
OpenEnvoy has successfully raised a total of $21.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in May 2023. 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.
- Total Funding $21.5M
- Total Rounds 2
- Last Round Series A — $15M
- First Round $6.5M
(Apr 2021)
- Investors Count 9
All 2 funding rounds of OpenEnvoy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | $15M | Series A | – | RRE Ventures | |
| Apr 2021 | $6.5M | Seed | – | Riot |
9 investors in total: 7 institutional and 2 angel.
Investors in OpenEnvoy
OpenEnvoy has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include FireBolt, RRE Ventures and Coelius Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in seed and early stage companies in the US | rre.com | New York, United States | ||
Micro-venture capital fund investing in tech startups | coelius.vc | San Francisco, United States | ||
Investments are made by Riot in early-stage hardware tech startups. | riot.vc | Boston, United States | ||
Venture capital is directed toward infrastructure software companies. | uncorrelated.com | San Francisco, United States | ||
Web3 venture capital firm partnering on blockchain projects. | hack.vc | |||
| tnt.ventures | ||||
Cloud-based big data warehouse for enterprise data management | 2019 | firebolt.io | Tel Aviv, Israel | |
GR Gokul Rajaram | Angel investor, product leader at DoorDash, ex-Google, Square | unknown_fbf4c5d2492e4b919 | ||
NR Naval Ravikant | Angel investor, entrepreneur, founder of AngelList, thought leader in startups | unknown_7ea25056bdaa405fb |
Investor details for OpenEnvoy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of OpenEnvoy
44 people are tracked at OpenEnvoy (6 in leadership, 38 in team).
| Name | Role | Group |
|---|---|---|
Parker Moore | Co-Founder | Leadership |
Matthew Tillman | Co-Founder & CEO | Leadership |
Craig Yee | Chief Customer Officer | Leadership |
Naveen Kumar | CTO | Leadership |
Samantha Moran | Head of Customer Success | Leadership |
Josh Burwick | CFO | Leadership |
Kevin Jen | Senior Product Designer | Team |
Rakesh Kumar N | SME 2 | Team |
Akshay B. | Senior Frontend Engineer | Team |
Nishikant Kumar | Senior Automation Engineer | Team |
Samatha | Senior Software Engineer | Team |
Sai Kumar Chilukuri | DA2 | Team |
Marissa Chareunsap | Executive Assistant | Team |
Anurag Kalakonda | Lead Software Engineer/Product Owner | Team |
sarat svl | Back End Developer | Team |
Maneesh Rapelly | Senior Software Engineer | Team |
Adam Mills | CSM | Team |
Bineeth | Senior Software Engineer | Team |
Venu Dasarathy | Sr Engineering Manager | Team |
Anshul Sharma | SDE1 | Team |
24 more people are available in the full profile.
Complete people profiles for OpenEnvoy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of OpenEnvoy
3 dated milestones of OpenEnvoy across 3 years, from founding to its latest funding, stage changes and deals.
- Founded OpenEnvoy is founded.
- Funding First funding round of $6.5M.
- Funding Latest funding round, Series A, of $15.0M.
Competitors of OpenEnvoy
OpenEnvoy has 3 listed competitors in our database, 2 of them funded. They include Wolters Kluwer, Secureframe and Hyperproof.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wolterskluwer.com | 1836 | United States | 16 | Enterprise legal processes are managed via an AI-powered platform. | ||
| secureframe.com | 2020 | San Francisco, United States | $78.5M | 51 | Cloud-based compliance management solution provider | |
| hyperproof.io | 2018 | Bellevue, United States | $66.12M | 101 | Integrated compliance management software |
Detailed competitors of OpenEnvoy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of OpenEnvoy
The website of OpenEnvoy (openenvoy.com) receives about 3.4K visits a month.
- Monthly visits3.4K
▼ 27.5% vs previous month
Websites whose visitors overlap most with OpenEnvoy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| order.co | 100% | 91.2K | #344,444 | View details |
Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as OpenEnvoy (Regulatory & Compliance Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | 815 |
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Related news about Openenvoy
Complete news archive for OpenEnvoy
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Frequently Asked Questions about OpenEnvoy
OpenEnvoy was founded in 2020 and raised its 1st funding round 1 year after it was founded.
OpenEnvoy is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Matthew Tillman is the CEO of OpenEnvoy, as recorded in our data. They have also founded this company.
OpenEnvoy is a funded company, having raised a total of $21.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $6.5M, raised on Apr 2021.
OpenEnvoy was founded in 2020 and is headquartered in Las Vegas, United States. A cloud-based platform is operated to address fraud detection in accounts payable for businesses. Invoice auditing, contract validation, and discrepancy identification are facilitated through AI-driven tools. Real-time analytics for spend insights and savings tracking are provided, alongside vendor and supplier network management services in the fintech sector.
OpenEnvoy's top competitors include Wolters Kluwer, Secureframe and Hyperproof.
OpenEnvoy offers OpenEnvoy Platform, Autonomous AP, Autonomous AR, and Freight Audit.
OpenEnvoy has 9 investors. Key investors include FireBolt, RRE Ventures, Coelius Capital, Riot Ventures, and Uncorrelated Ventures.