WorkFusion adds $50 million from strategic investors as it bulks up for acquisitions

TechCrunch | 5/24/2018 | Jonathan Shieber
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WorkFusion, a business process automation software developer, has raised $50 million in a new, strategic round of funding as it prepares to start adding new verticals to its product suite.

The company’s new cash came from the large insurance company, Guardian; health care 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.

WorkFusion - Way - Days - Workers - Workflows

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.

“Guardian uses data to better understand and serve customers, and WorkFusion will bring new data-driven...
(Excerpt) Read more at: TechCrunch
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