WorkFusion, Inc
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Computer software |
| Predecessor | Crowd Computing Systems Inc. |
| Founded 📆 | Jun 1, 2010 |
| Founders 👔 | Max Yankelevich, Andrew Volkov |
| Headquarters 🏙️ | New York City, United States |
Area served 🗺️ | |
Key people | Alex Lyashok, CEO Marc Aché, CTO |
| Members | |
Number of employees | |
| 🌐 Website | https://www.workfusion.com/ |
| 📇 Address | |
| 📞 telephone | |
WorkFusion, Inc. is a software-as-a-service (SaaS) company. WorkFusion is better known for developing AI-driven intelligent automation technologies to digitize and optimize operations for cloud based companies. As of 2019, the company has raised $121.3M in Series E funding.
History
In 2013, the company was founded under the name Crowd Computing Systems Inc., and launched a financial services-focused cloud platform. The company was co-founded by entrepreneurs Max Yankelevich and Andrew Volkov.
In 2015, the company was rebranded as WorkFusion and introduced the first integrated RPA and AI-integrated automation platform, known as Smart Process Automation (SPA).
Services
In 2017, WorkFusion and Owliance Group announced the first deployment of AI-powered automation in France.[1]
The same year, it released its free RPA product, RPA Express,[2]
In 2019, WorkFusion announced Intelligent Automation Cloud, its unified AI-based platform, and started its partnership with to accelerate adoption of AI-driven RPA on global markets. In June 2019, it was included in the first Gartner’s Magic Quadrant for RPA software as a Visionary.
Funding
- 2011: Raised $2.3 million seed funding via Greycroft Partners and RTP Ventures[3]
- 2013: Raised $5 million Series A funding; Peak Opportunity Partners joins as investor[3]
- 2014: Rebranded as WorkFusion, company raised $15 million in Series B, including new investor iNovia Capital[4]
- 2015: Raised $14 million in Series C round, with additional investors Mohr Davidow Ventures and NGP Capital[5][6][7]
- 2016: Raised $35 million, and adds new investor Georgian Partners, in its Series D funding[8]
- 2018: Raised $50 million in Series E, with new investors PNC Bank, NewYork-Presbyterian Ventures, Hawk Equity, and Guardian; bringing the total funding amount to $121 million.[9][10]
Notable partnerships
- Markit Ltd 2016
- NEC Corporation
References
- ↑ "WorkFusion and Owliance Group bring AI-powered cognitive automation to France". AiThority. Retrieved October 25, 2017.
- ↑ "WorkFusion launch first free robotic process automation tool, AI enterprise efforts accelerating". Enterprise Apps Tech News. Retrieved April 5, 2017.
- ↑ 3.0 3.1 "CrowdComputing Systems Raises $5M Series B Funding". FinSMEs. Retrieved July 9, 2013.
- ↑ "WorkFusion Secures $15M Series B Funding". PR Newswire. Retrieved April 29, 2014.
- ↑ "WorkFusion Raises $14M to Drive Smart Process Automation in Enterprise". PR Newswire. Retrieved December 21, 2015.
- ↑ "With $14M these robots could bring outsourced jobs back to New York City". New York Business Journal. Retrieved December 21, 2015.
- ↑ "The Daily Startup: WorkFusion Raises $14M for Software to Take On Boring Jobs". The Wall Street Journal. Retrieved December 21, 2015.
- ↑ "WorkFusion Using $35M in New Cash to Expand in Business Automation". Xconomy. Retrieved January 31, 2017.
- ↑ "WorkFusion expands $50M Series E round, adds Guardian, NewYork-Presbyterian, The PNC Financial Services Group and AI Capital as strategic investors". Global Banking Finance Review. Retrieved June 5, 2018.
- ↑ "US Giant Raises 50 Million Dollar in Series E Funding". Insights Success. Retrieved June 4, 2018.
External links
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