On Thursday, Nilus, an AI-driven treasury management platform, announced it has raised US$10 million in a funding round led by Felicis and Vesey Ventures.

Existing investor Bessemer Venture Partners also participated, increasing the company’s total funding to US$18.6 million.

Nilus intends to use the funding to enhance its platform, which focuses on streamlining treasury operations and improving AI-powered forecasting.

The company was founded by Daniel Kalish, formerly of PayPal, and Daniel Shaul, who previously worked with Fundbox.