It’s Not All About ChatGPT. Less Flashy Business Software Draws Investors Too.

Venture-capital funding for enterprise resource planning startups remains strong as companies seek to upgrade back-office systems designed to control costs

Blentech, which manufactures industrial food-processing systems, said a Rootstock ERP system helped it retrieve customer-order data that had previously been siloed in different business units. PHOTO: BLENTECH

Beyond the buzz around generative artificial intelligence, startups selling enterprise resource planning tools, a core technology tool that has been around for decades, are drawing the attention of investors as well as corporate tech leaders looking to refresh age-old systems.

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