WorkFusion adds to its $50 million with strategic investors as it bulks up for acquisitions – TechCrunch

Startups


WorkFusion, a business process automation software developer, added two new investors to its $50 million April round.

The company’s new strategic investors include the large insurance company, Guardian; healthcare services provider New York-Presbyterian; and the commercial bank, PNC Bank. Venture investor Alpha Intelligence Capital, which specializes in backing artificial intelligence-enabled companies, also participated in the new financing.

Certainly WorkFusion seems to have come a long way since its days hiring crowdsourced workers to train algorithms how to automate the workflows that used to be done manually. The company has raised a lot of money — roughly $121 million, according to Crunchbase — which is some kind of validation, and in its core markets of financial services and insurance it’s attracted some real fans.



Source link

Products You May Like

Articles You May Like

Twilio shops, Uber and Lyft IPO scuttlebutt, and Instacart raises $600M – TechCrunch
Roborace to augment racing drivers with robots at Disrupt – TechCrunch
Funderbeam CEO to talk about disrupting startup funding at Disrupt Berlin – TechCrunch
Sidestepping App Stores, Facebook Lite and Groups get Instant Games – TechCrunch
Azimo launches business money transfer service – TechCrunch

Leave a Reply

Your email address will not be published. Required fields are marked *