|Submission rejected on 29 June 2019 by talk). (|
This topic is not sufficiently notable for inclusion in Wikipedia.Rejected by 2 months ago. Last edited by CNMall41 2 months ago.
- Comment: Already reject under Draft:WorkFusion, Inc for not meeting notability guidelines. Resubmitted under a different name does not make this more or less notable. CNMall41 (talk) 06:03, 29 June 2019 (UTC)
|Founded||Jun 1, 2010|
|Founders||Max Yankelevich, Andrew Volkov|
|Headquarters||New York City, NY, United States|
|Alex Lyashok, President & CEO|
Marc Aché, CTO, Engineering
Monica Jonas, COO
Peter Cumello, CFO
Number of employees
|333 as of April 2019|
WorkFusion, Inc. is a software-as-a-service (SaaS) company which develops AI-driven intelligent automation technology that combines robotic process automation (RPA), machine learning (ML), optical character recognition (OCR), live analytics and business process management (BPM) to digitize and optimize operations for companies worldwide.
The company’s purpose is creating software robots that primarily take over human repetitive work in knowledge industries: banking, financial services, insurance, healthcare, telco, or anywhere people sit in the office and do work behind computers with documents and data.
WorkFusion’s platform uses advanced statistical analysis to ensure accuracy of employees’ work, and then uses the quality data gathered for training algorithms to automate this work going forward. Over time, subject-matter experts and employees are pulled in by the system only when algorithms see new information or challenges for its tasks.
WorkFusion was founded in June 2010 and now has a global customer base that spans all continents. The company is headquartered in New York City, N.Y., United States, and has offices in Bangalore (India), London, Minsk (Belarus), Munich, Paris, Singapore, Tokyo, and additional presences worldwide.
In 2010, co-founders Max Yankelevich and Andrew Volkov sponsored exploratory research that inspired them to develop WorkFusion’s first product, which orchestrated manual work by combining advanced statistical quality control with machine learning (ML). By 2013, the company was founded under the name Crowd Control Software and launched a financial services-focused cloud platform.
Through 2014 and 2015, the company rebranded as WorkFusion and introduced the first integrated RPA and AI-integrated automation platform, known as Smart Process Automation (SPA).
The company created its first partnerships in 2016, including agreements with Markit Ltd VirtusaPolaris and more, and soon expanded its presence to India and entered banking, retail, and insurance industries globally.
- 2011: Raised $2.3 million seed funding via Greycroft Partners and RTP Ventures
- 2013: Raised $5 million Series A funding; Peak Opportunity Partners joins as investor
- 2014: Rebranded as WorkFusion, company raised $15 million in Series B, including new investor iNovia Capital
- 2015: Raised $14 million in Series C round, with additional investors Mohr Davidow Ventures and NGP Capital
- 2016: Raised $35 million, and adds new investor Georgian Partners, in its Series D funding
- 2018–2019: Raised $50 million in Series E, with new investors PNC Bank, NewYork-Presbyterian Ventures, Hawk Equity, and Guardian; creating current valuation of $121 million
Recognitions & Awards
|2019||Named a Leader in Everest Group’s report, “Intelligent Document Processing Technology Vendor Landscape with Products PEAK Matrix™ Assessment 2019”|||
|2018||Alconics’ Best Application of AI in Financial Services|||
|2018||Named No. 1 AI-driven software vendor, according to Oliver Wyman’s Celent Research in “The Cognitive Corporate Bank”|||
|2018||COO Monica Jonas named in Top Women Leaders in SaaS|||
|2018||Named to CBI Insight AI 100 2018, with a Mosaic score of 840 (out of 1,000); the only RPA or intelligent automation provider on the list|||
|2017||CFO Innovation’s Excellence in Finance Automation (shared)|||
|2017||Inclusion in Deloitte’s Technology Fast 500|||
|2017||Active participant in IEEE Intelligent Process Automation (IPA) group to develop standards and practices for the emerging IPA industry|||
|2016||Wins SIIA CODiE Award for Best Big Data Tools & Platform|||
|2016||Recognized in Gartner report: “Cool Vendors in Smart Machines, 2016”|||
|2015||Wins SIIA CODiE Award for Best Big Data|||
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