WorkFusion Raises $15M in Series B Funding

WorkFusion (formerly CrowdComputing Systems), a New York City-based enterprise crowd computing platform, raised $15m in Series B funding.

The round was led by Mohr Davidow Ventures, with participation from existing investors Greycroft Partners, iNovia Capital, and RTP Ventures. In conjunction with the funding, Mohr Davidow Ventures General Partner Katherine Barr will join WorkFusion’s board of directors.

The company intends to use the funds to deepen its vertical market solutions and expand its engineering, marketing, and sales operations.

Led by Max Yankelevich, co-founder, chief architect and CEO, WorkFusion provides a software-as-a-service (SaaS) crowd computing platform that uses machine learning to integrate and manage automation tools, crowdsourced workers, and employees (ACE) on web-based workflows. It atomizes complex enterprise knowledge processes – such as data search and entry, process optimization, product comparison and categorization – into microtasks and automates repetitive tasks, recruits and trains crowdsourced workers to perform judgment work, and distributes high-value work to employees with subject matter expertise.
The solution monitors and optimizes worker performance, provides real-time workforce analytics, and automates more tasks by identifying patterns in human work.

To date, the company has focused its efforts on the financial services and eCommerce markets. Customers include IDC, Thomson Reuters, and Walmart.



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