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- November 11th, 2025
November 11th, 2025
Alex Lazich
November 11, 2025
I hope everyone is gearing up for winter! Excited to see continued action in the ERP space - with several notable fundraise announcements within the last month and a half.
-Alex
Fundraising News
Procurement Sciences has closed a $30 million Series B funding round led by Catalyst Investors to build the first AI-native operating system for government contractors. The platform aims to transform how businesses find, win, and fulfill government contracts.
Anrok has raised a $55 million Series C round led by Spark Capital, bringing its total funding to over $100 million. The company's customer base includes high-profile companies like Anthropic, Cursor, and Notion, and over 40% of the Forbes AI 50 list use its services.
Resourcly, a German industrial tech startup, has secured €2.7 million in seed funding led by Project A to optimize manufacturing inventory with AI. The company reported five-fold revenue growth in the past year and has delivered up to a 15% improvement in working capital for its clients.
DualEntry has emerged from stealth with a $90 million Series A funding round to build an AI-native ERP system designed to automate up to 90% of manual accounting tasks. A notable customer win is the fintech firm Slash, which runs its entire $100M+ ARR finance operation with a single person using DualEntry.
Campfire has secured a $65 million Series B funding round, bringing its total capital raised to over $100 million in just 12 weeks. The company has achieved 10x year-to-date revenue growth and its proprietary Large Accounting Model boasts 95% accuracy on workflows like reconciliations.
Katana announced a €14 million Series B extension led by Cogito Capital Partners, with notable participation from Benchmark's Peter Fenton. The cloud-native ERP platform serves over 1,500 SMBs across 70 countries and processes over $3 billion in gross merchandise value annually.
Industry Movements
Global investment organization EQT has signed an agreement to invest approximately USD 930 million into Douzone Bizon, a prominent provider of ERP and business software solutions in South Korea, acquiring a 37.6% stake. The transaction underscores EQT's commitment to leveraging its global expertise in digital transformation to foster long-term value creation within the Korean market.
SAP SE and Snowflake have announced a new partnership designed to help organizations better leverage their data for enterprise AI by uniting Snowflake's AI Data Cloud with the SAP Business Data Cloud. The SAP Snowflake solution is planned for general availability in Q1 2026.
Workday has finalized its acquisition of Sana, an AI company specializing in enterprise knowledge tools, to establish a 'new front door for work' that integrates essential applications and insights into a single, unified employee experience. The new integrated experience will launch next year as a central hub for work.
PwC is expanding its adoption of Oracle Fusion Cloud ERP across its global network to standardize finance operations and leverage embedded AI capabilities. As part of the collaboration, PwC and Oracle will co-develop new tools and methodologies to extend these benefits to their clients.
General ERP News
SAP is set to submit formal concessions to the European Commission to resolve an antitrust investigation into its software licensing and maintenance practices for on-premises ERP systems. The concessions are expected to simplify the process for customers to move to rival support providers and provide clearer explanations of SAP's fee structures.
Oracle NetSuite has introduced NetSuite Next, a major platform update that integrates AI capabilities including 'Ask Oracle,' a built-in natural language AI assistant. The product is expected to be available in North America within the next 12 months, with customer previews starting in early 2026.
Infor has launched new Industry AI Agents designed for micro-verticals such as dairy producers, EV manufacturers, and textile fabricators. Alongside the AI agents, Infor also announced Infor Leap, a new cloud migration offer designed to be fast and cost-effective.
IFS announced strong year-to-date financial results for FY2025, with a 22% year-over-year increase in Annual Recurring Revenue and a 31% rise in cloud revenue. This growth is attributed to a market shift where large industrial enterprises are moving from AI experimentation to full-scale deployment.
Other Cool Articles
This Forbes article explores the concept of 'hybrid intelligence' as the fusion of generative AI's adaptability with the structured guardrails of ERP systems. The solution lies in integrating AI as a 'hybrid intelligence layer' that connects predictive AI insights with operational execution.
SAP's 2025 release of SAP Cloud ERP Private is focused on translating technological innovation into tangible business impact by embedding process-aware AI. The release introduces new specialized Joule Agents including an Accounts Receivable Agent, Dispute Management Agent, and Maintenance Planner Agent.
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Thanks for reading,
-Alex