dSilo, a leader in AI-powered enterprise transformation, announced a strategic venture investment from Wellington Management, a global investment firm and prominent backer of AI innovators. The funding will accelerate the development of ProcureGPT™, the first domain-specific AI model for procurement and finance, while supporting dSilo’s rapid expansion into commercial AI solutions.
Billtrust, a market leader in B2B accounts receivable (AR) automation and payment solutions, has named Tarek Saleh as its new Chief Revenue Officer (CRO). The appointment comes at a critical juncture as the company advances its mission to revolutionize AR processes through cutting-edge AI technologies. In his new role, Saleh will oversee global sales initiatives across the Americas and EMEA, reporting directly to CEO Sunil Rajasekar as part of the executive leadership team.
Cat Financial has announced its first-quarter 2025 results, revealing a modest revenue increase of 1% compared to the same period in 2024. Despite the revenue growth, the company experienced a decline in profit due to several factors, including the absence of an insurance settlement and higher credit loss provisions.
