Kryon, a NYC-basedrobotic process automation (RPA) company enabling enterprises to achieve continuous process optimization and change the way employees work, completed a $40m Series C financing round.
The round was led by OAK HC/FT, with participation from Aquiline Technology Growth and Vertex Ventures. In conjunction with the funding, Dan Petrozzo, Venture Partner at OAK HC/FT, will join Kryon’s Board of Directors and Matt Streisfeld, Principal at Oak HC/FT, will join as a Board Observer.
The company intends to use the funds to continue development of its innovative technology and penetration into new geographies by expanding its sales and marketing teams and opening additional offices around the globe.
Led by Harel Tayeb, CEO, Richard French, Chief Revenue Officer, Julie Shafiki, Chief Marketing Officer and Jim O’Gara, VP, Global Partners, Kryon provides a platform which encompasses both Process Discovery and Robotic Process Automation (RPA) to automatically generate a comprehensive picture of business processes, evaluate them and recommend which ones to automate. The company offers attended (desktop) RPA, unattended (virtual-machine-based) RPA and a hybrid combination of both. The platform is used by enterprises worldwide, including AIG, Allianz, American Express, AT&T, Ernst & Young, Ferring Pharmaceuticals, HP, Microsoft, Santander Bank, Singtel Optus, Verizon and Wyndham Hotel Group.