WorkFusion raises $220 million

WorkFusion , a robotic process automation (RPA) software company, has raised $220 million in a Series F funding round led by Georgian, a fintech company investing in high-growth technology companies.

Founded in 2010, WorkFusion’s software is designed to automate industry-specific manual operations and used to solve critical business problems. WorkFusion’s AI-powered RPA software allows insurers to automate the claims process – mine knowledge bases, auto-validate policies, match key facts from the claim to the policy and make automated decisions using machine learning models, and can automatically transmit data into the system of record for downstream payment.

“It takes a high-performance team, driven by a shared purpose and looking in the same direction, to build long-term value. Our unique approach of automating industry-specific, document-heavy operations with advanced AI is yielding remarkable success for our banking customers; now we can take that success to a wider audience at greater speed and unlimited scale. We have a winning playbook, and the market is vast. We are excited to move forward.” – WorkFusion CEO Alex Lyashok.

“WorkFusion has reached an inflection point of success in terms of product and market readiness. The opportunity to transform enterprise operations through Intelligent Automation is massive, and WorkFusion is in the leading position to do so. We are thrilled to continue to work with WorkFusion as they scale and impact traditional industries with their market-leading process automation platform.” – Emily Walsh, Lead Investor at Georgian.