Startup
RightRev
Automated revenue recognition for ASC 606 and IFRS 15 that runs natively on Salesforce or as a standalone application, built by the founder of Leeyo, the revenue software Zuora bought, for companies with complex contracts.
| Founded | 2020; office in Austin, Texas |
|---|---|
| Founders | Jagan Reddy (CEO; founded Leeyo, acquired by Zuora) |
| Stage | Series A |
| Total funding | More than $31m |
| Last round | Series A, almost $13m, May 2025, co-led by Cheyenne Ventures and Innovius Capital with Norwest, Salesforce Ventures and Snowflake Ventures |
| Earlier rounds | $12m seed, July 2023, co-led by Norwest and Salesforce Ventures; $5m launch round, 2021 |
| What it does | Applies revenue rules to Salesforce quotes, orders and contracts to produce ASC 606 and IFRS 15 schedules, allocations and journal entries, with AI assistance for contract review; also available as a standalone API-first application, with lessor accounting (ASC 842 and IFRS 16) and the Revi AI agents launched in March 2026 |
| Traction | More than $34bn in annual customer revenue processed; customers include Snowflake, Epicor, CDK Global, LogicMonitor and Morningstar; Salesforce and Snowflake are investors and platforms |
| Pricing | Custom, based on complexity, features and revenue processed; no price list published |
| Markets | US |
| Peers | Tabs, Maxio, Ordway, Leapfin, Zuora |
Funding
- Announced rounds
- US$13m
- Round
- Series A, US$13m, May 2025, led by Cheyenne Ventures and Innovius Capital
Why it matters
RightRev has raised $31 million with Salesforce and Snowflake as investors, and its founder has already built and sold one revenue recognition company. It is the specialist in a field where the AI-native billing companies are now arriving from the other direction.
Part of Accountio’s accounting technology coverage.
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