Catalytic, a Chicago, IL-based SaaS intelligent automation platform, raised $30m in Series B financing.
The round was led by Intel Capital, with participation from Redline Capital and existing investors NEA, Boldstart, and Hyde Park Angels.
The company intends to use the funds to expand its engineering, sales, and operations.
Led by Sean Chou, CEO and Co-Founder, Catalytic provides a a SaaS based intelligent automation platform that can remove manual data processing tasks. The platform has 200+ actions that enable business users to build an intelligent automation layer to process data, documents, emails, web sites, and systems by coordinating people, bots, and AI.
In addition to reducing manual effort, it shortens cycle time and improves accuracy to nearly 100%.
Customers include global enterprises such as Bosch, Dentsu Aegis Network, Mayo Clinic, and UL.