WorkFusion Adds to it’s $50M with Strategic Investors as it Bulks Up For Acquisitions

· | Press Release

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.
 
Read the original article on TechCrunch here.


No Comments

Leave a comment