WorkFusion Expands $50M Series E Round
WorkFusion, a robotic process automation (RPA) software company with more than 30,000 users from 10,000 companies around the world, announced the participation of strategic customers Guardian, NewYork-Presbyterian, and The PNC Financial Services Group in its Series E funding. The company also announced that Alpha Intelligence Capital (AIC), a fund dedicated exclusively to investing in companies with deep Artificial Intelligence technology at the core of their offerings and business model, has joined existing investors to drive WorkFusion’s vision of helping companies achieve operational excellence through software bots that learn through AI.
“AI has become a critical competitive advantage. Many companies are already using machine learning (ML) to power their customer experience. Using ML to create intelligent software robots complements those experiences with scalable, agile business operations. This is why we are working closely with Guardian, NewYork-Presbyterian, PNC and other data-first companies to enable data-driven business models with AI-driven RPA at the core” – WorkFusion CEO Alex Lyashok.
“Guardian uses data to better understand and serve customers. WorkFusion will bring new data-driven intelligence capabilities into the company. We look to invest in and deploy RPA and AI technology that improves efficiency and can help us leap forward in operations and improve outcomes. WorkFusion has that potential” – Executive Vice President, Chief Information Officer and Head of Enterprise Shared Services at Guardian, Dean Del Vecchio.
“AIC researched every company in the RPA and intelligent automation industry. We chose to invest in WorkFusion because of its AI-first model, which we believe will deliver greater value to both customers and investors. WorkFusion is exceptionally well-positioned with its foundational technology, products, customer base and team to retain and expand its leadership position in the RPA industry. We’re excited to support the company’s growth” – Cofounder and Managing Partner at AIC, Antoine Blondeau.