Intuit Agrees to Acquire AI Billing Startup Sequence for Reported $200 Million
Intuit Inc. has agreed to acquire Sequence in a deal estimated at about $200 million, according to Business Matters. The companies did not disclose the financial terms.
Sequence uses AI to automate billing, payments and revenue management for businesses. The London and New York company supports pricing models based on consumption, usage, seats and milestones.
Sequence employees, including cofounder and CEO Riya Grover, will join Intuit's midmarket product organization after the transaction closes. Intuit will continue supporting Sequence customers and plans to develop an integrated product in the coming months.
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