WorkFusion
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About
What if software could learn to identify high-quality work and manage the people who perform it?WorkFusion was born out of research that co-founders Max Yankelevich and Andrew Volkov sponsored at MITs Computer Science and Artificial Intelligence Lab (CSAIL)WorkFusion creates technology that makes economies work. The rapid rise of AI and automation, along with the changing roles of people in the workforce, have created both complexity and opportunity for individuals, businesses and entire countries. Our companys purpose is to reduce this complexity and help our customers exploit the opportunity through products that pair people with intelligent software robots.WorkFusion is headquartered on Wall Street in New York City with teams throughout the U.S., Europe and Asia.
WorkFusion was formely known as CrowdComputing Systems, Inc., a software company which provides smart process automation platform with AI powered chatbots for organizations to support their front & back end operations. The company offers automation solutions to digitize complex business processes, including robotic automation, workforce orchestration, and machine learning powered cognitive automation. Workfusion's platform allows the banks and financial institutions to better manage with large internal and offshore workforces and automate high-volume manual work including improving settlement processing, lowering the cost per trade, and increasing the efficiency of client on-boarding.
Focus
PRODUCTS & SERVICES
Robotic automation software & AI enabled chatbots to digitialize business operations for banks, financial institutions, insurance, commerce, media, health & life sciences.
MAIN CLIENTS
Markit
EXISTING PARTNERSHIPS
Partnered with Hexaware technologies to deliver RPA(Robotic Process Automation) and AI-powered Cognitive Automation to enterprises globally. Partnered with VirtusaPolaris to provide smart automation solutions for companies in banking and financial services.
Traction
VALUATION / MARKET CAP:
$437.5 M in 2017
People
FOUNDERS
Max Yankelevich
Andrew Volkov
BOARD MEMBERS AND ADVISORS
Tom Glocer
Shawn Abbott
Paul Asel
Katherine Barr
Chester Van Alen Murray
Abhas Gupta
Isaak Karaev
Peter Marney
Kirill Sheynkman
NUMBER OF EMPLOYEES
51-200
INVESTORS:
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
6
TOTAL FUNDING
$121.3 M
DATE OF LAST FUNDING
Apr 2018
TOTAL FUNDING COMMENT
The company is planning to use the fund to expand its global operations and further its vision of helping businesses rapidly respond to change with the power of RPA bots that learn through AI(April 2018).
SEED & PRIOR FUNDING
$2.3 M
SEED CLOSED ON
2011
FUNDING SERIES
SERIES A · $5 M · Jul 2013
SERIES B · $15 M · Apr 2014
SERIES C · $14 M · Dec 2015
SERIES D · $35 M · Jan 2017
SERIES E · $50 M · Apr 2018
LISTED
NO
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