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Recurrency has raised $22.0M across 1 funding round.
Key people at Recurrency.
Recurrency was founded in 2020 by Sam Oshay (Founder).
Recurrency has raised $22.0M in total across 1 funding round.
Recurrency is reversing enterprise resource planning (ERP) stagnation by building the industry-standard ERP automation platform: blazingly fast and complete with powerful automation tools like intelligent sales recommendations, dynamic pricing, and demand forecasting. Despite distribution being a multi-trillion dollar industry, the legacy ERP systems that exist to help businesses manage their purchasing, inventory, sales, order processing, and accounting are decades behind.
For the most part, ERP systems are painfully slow, difficult to use, and soul-crushingly manual. Using Recurrency can boost a distributor’s revenue and profit margins, while reducing waste and saving time. Most importantly, Recurrency is fully integrated with the customer’s legacy system, so deploying Recurrency in production can be done in as little as one day.
Recurrency is an automated ERP (Enterprise Resource Planning) platform specifically designed for wholesale distributors, aiming to modernize and streamline their ERP workflows through intelligent automation. It replaces slow, manual, and outdated ERP processes with fast, AI-driven tools such as intelligent sales recommendations, dynamic pricing, and demand forecasting. This enables distributors to optimize operations, increase revenue, and improve profit margins while integrating seamlessly with existing legacy ERP systems, often deploying in production within a day[1][2][3].
For an investment firm, Recurrency represents a mission-driven company focused on revolutionizing the multi-trillion-dollar distribution industry by addressing ERP stagnation with cutting-edge automation. Its investment philosophy likely centers on backing innovative SaaS and AI-driven platforms that disrupt traditional enterprise software. Key sectors include wholesale distribution, supply chain, and enterprise software. Recurrency’s impact on the startup ecosystem lies in setting a new standard for ERP automation, accelerating digital transformation in a historically slow-to-evolve industry[2].
For a portfolio company, Recurrency builds an AI-powered ERP automation platform serving wholesale distributors and B2B companies managing complex purchasing, inventory, sales, and accounting workflows. It solves the problem of inefficient, manual ERP systems by delivering rapid, automated insights and workflows that reduce errors and operational waste. The company shows strong growth momentum, having raised $22 million and grown to a 50-person team since its founding in 2020, with rapid customer adoption across distributors ranging from $5 million to $5 billion in annual revenue[2][3].
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Recurrency was founded in 2020 by Sam Oshay, who brings a background in building technology solutions tailored for distribution. The idea emerged from recognizing the stagnation and inefficiency in legacy ERP systems used by distributors, which are often slow, difficult to use, and manual. Early traction came from the ability to integrate quickly with existing ERP systems and deliver immediate value through automation, which helped Recurrency gain trust among leading distributors and secure significant funding[2][4].
The company evolved from a focus on flawless core software performance—eliminating buffering and slow page loads—to deploying advanced machine learning algorithms that optimize workflows and provide predictive business recommendations. This evolution reflects a deep understanding of distribution industry needs combined with technical expertise[8].
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Recurrency rides the wave of digital transformation and AI automation in enterprise software, particularly targeting the wholesale distribution sector—a multi-trillion-dollar industry long underserved by modern ERP innovation. The timing is critical as distributors face increasing pressure to improve operational efficiency, reduce waste, and respond rapidly to market changes. Market forces such as rising e-commerce, supply chain complexity, and demand for real-time data insights favor Recurrency’s intelligent automation approach[1][2][8].
By integrating seamlessly with legacy ERP systems, Recurrency lowers the barrier for digital adoption, enabling distributors to modernize without costly system replacements. This influences the broader ecosystem by setting new standards for ERP usability, automation, and AI-driven decision support, potentially inspiring further innovation in adjacent enterprise software markets[9].
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Looking ahead, Recurrency is poised to deepen its AI capabilities, expand its product suite, and grow its customer base across the distribution industry. Trends such as increased reliance on AI for predictive analytics, subscription-based sales models, and real-time dynamic pricing will shape its journey. As Recurrency scales, its influence may extend beyond distribution into other sectors reliant on ERP systems, driving broader ERP modernization.
For investors and industry observers, Recurrency exemplifies how targeted automation and AI can revitalize legacy enterprise software markets, offering a blueprint for future innovation. Its rapid deployment model and user-centric design position it well to become the industry-standard ERP automation platform, fulfilling its mission to transform distribution operations worldwide[2][3][5].
Key people at Recurrency.
Recurrency has raised $22.0M across 1 funding round. Most recently, it raised $22.0M Series A in January 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2023 | $22M Series A | — | 9Yards Capital, Gautam Gupta, Kevin Hartz, American Express Ventures, Bessemer Venture Partners, Health Velocity Capital, LGF, OMERS Ventures, Sequel, Allison Barr Allen, Greg Brockman, Karim Atiyeh, Mandeep Singh, Mengxi LU | Announced |
Recurrency was founded in 2020 by Sam Oshay (Founder).
Recurrency has raised $22.0M in total across 1 funding round.
Recurrency's investors include 9Yards Capital, Gautam Gupta, Kevin Hartz, American Express Ventures, Bessemer Venture Partners, Health Velocity Capital, LGF, OMERS Ventures, sequel, Allison Barr Allen, Greg Brockman, Karim Atiyeh.
