Rittenhouse Ventures and Tech Council Ventures led a funding round in TranscendAP.

Rittenhouse Ventures, and Tech Council Ventures, the venture capital firms, led a funding round in TranscendAP, an AI-driven accounts payable automation platform. Financial terms were not disclosed. “Securing this venture funding is a major milestone for us, empowering our team to accelerate AI innovation, expand our platform, and continue transforming how organizations across industries manage their accounts payable. It’s especially rewarding to be backed by two venture firms with a proven track record and a team that I’ve had great success with before,” Jeff Weinstein, TranscendAP, Co-Founder and CEO.