Kryon Systems, a Franklin Lakes, New Jersey- and Tel Aviv, Israel-based provider of intelligent robotic process automation (RPA) solutions, secured $12m in Series B funding.
The round was led by Aquiline Technology Growth and Vertex Ventures. In conjunction with the funding, Michael Cichowski of ATG and Yanai Oron of Vertex will join Kryon’s board of directors.
The company intends to use the funds to accelerate the development of its RPA platform as well as to drive global market expansion.
Led by Harel Tayeb, CEO, Kryon provides RPA solutions which utilize patented visual recognition and deep-learning technologies to enable enterprises to offload process execution to a virtual workforce and drive digital transformation throughout the organization. The company’s solutions are used by numerous Fortune 500 organizations.