CoPlane, a startup focused on developing AI-native software to streamline administrative functions for large, essential enterprises, has closed a $14 million seed funding round.
The investment round was led by Ribbit, with participation from existing backers including Stripe and Optum Ventures, alongside new involvement from Terrain.
This capital positions CoPlane to aggressively develop its platform, which targets the long-stagnant Enterprise Resource Planning (ERP) market, currently valued in excess of $80 billion globally. Legacy ERP systems, often decades old, remain central to managing finance and supply chains across major corporations despite their recognized complexity and high implementation costs.
CoPlane’s core offering is an AI-native layer designed to replace the sprawling, rigid infrastructure endemic to older back-office setups.
The platform aims to deliver the operational leverage currently enjoyed primarily by cutting-edge technology firms to industries like manufacturing, healthcare services, and industrials.
The company cites persistent inefficiency in general and administrative spending across the S&P 500, which has remained near 15% of revenue for decades, as justification for its mission. CoPlane seeks to dismantle this operational tax through automation of high-friction tasks such as invoice exception handling and sales order entry.
CoPlane’s CEO, Chris Sperandio, previously held product leadership roles at Stripe and Segment, providing him direct insight into the constraints imposed by disparate legacy systems.
The founding team spent early months embedding with design partners to build solutions that harmonize data and replace manual workflows before launching the formal product.
Early customer deployments are demonstrating rapid deployment cycles, with customers reportedly deploying functional systems in days rather than the years typically associated with ERP overhauls.
Furthermore, the architecture allows customers to retain full control over their data within their own cloud environments, addressing critical enterprise security requirements.
The broader market for enterprise automation is seeing intensified investor interest, particularly for solutions that promise agentic capabilities within regulated environments.
This trend is evidenced by recent major funding rounds secured by companies operating in adjacent data and workflow management sectors. CoPlane differentiates itself by blending autonomous AI agents with deterministic business rules and necessary human oversight within a single, auditable system. This approach allows enterprises to iterate quickly on automating core financial operations like Accounts Payable and Procurement while maintaining compliance and control.
