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Fortune
Fortune
Sheryl Estrada

Exclusive: AI startup Sapien raises at $180M valuation to help companies find what’s really driving profit

(Credit: Courtesy of Sapien)

Good morning. Sapien has raised a new funding round led by Neo’s Ali Partovi at a $180 million valuation, as the two-year-old AI startup pushes beyond financial planning software into a broader system for analyzing how operational decisions affect a company’s bottom line. Its customers now include Bayer, Carlex, Cooper Standard, Blink Charging and Westgate Resorts.

The shift is reflected in how customers are using the platform. According to a forthcoming case study I was able to review on automotive supplier Carlex, Sapien rebuilt an existing profitability analysis and found that factors the company had identified as contributing $10 million in positive EBITDA were actually producing a $2 million drag.

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