How Vena Solutions Scaled: Rishi Grover on AI, Funding & Growth - The SaaS CFO Recap

Podcast: The SaaS CFO

Published: 2026-03-20

Guests: Rishi Grover

What Happened

Rishi Grover, the co-founder and chief solutions architect at Vena Solutions, discusses how Vena Solutions has scaled as an FP&A technology company. Vena offers a platform called Vena Complete Planning, which integrates financial and operational data across organizations. With over 2200 customers, Vena's platform is used for finance-led planning and beyond, demonstrating its versatility in the FP&A landscape.

The discussion highlights the significant investment in FP&A technology driven by economic uncertainty and the rise of AI. Vena Solutions has embraced AI by integrating it into their products, focusing on trust, auditability, and transparency. The company has successfully raised over $500 million in funding, including a notable Series C round of $300 million in 2021.

Rishi Grover talks about Vena's recent acquisition of Acterys, a Microsoft-centric business intelligence application. This acquisition aims to enhance Vena's reach across various organizational departments and strengthen its partnership with Microsoft. This strategic move is part of Vena's broader goal to expand and enhance its FP&A solutions.

Vena Solutions' pricing model involves an annual subscription fee and user-based pricing, with additional AI features available as an add-on. The company's headquarters are in Toronto, Canada, with offices in London, UK, and Indore, India. Vena employs approximately 700 people and places a strong emphasis on customer adoption and cross-departmental collaboration.

Rishi Grover emphasizes the importance of creating a data warehouse using Microsoft technology to support their AI strategy, termed orchestrated planning. This approach integrates financial and operational planning while involving people in day-to-day business execution. The company's vision is set towards 2026, focusing on staying nimble in a rapidly changing market and technology landscape.

The necessity for clean and structured data has been a recurring theme, particularly with the rise of AI. Rishi Grover points out that the diversity and volume of data enhance the performance of AI agents. As SaaS companies grow, the accumulation of data often remains siloed, creating a need for integration to maximize potential insights.

Key Insights

• Vena Solutions has scaled significantly, now serving over 2200 customers with its FP&A platform, Vena Complete Planning.
• The company has raised over $500 million in funding, including a $300 million Series C round in 2021, highlighting investor confidence in its growth and potential.
• Vena's acquisition of Acterys aims to expand its reach across different departments and enhance its partnership with Microsoft, aligning with its strategy to diversify its offerings.
• The integration of AI into Vena's platform focuses on trust, auditability, and transparency, meeting the increasing demand for sophisticated FP&A solutions in a dynamic economic environment.