WorkFusion, a NYC-based provider of industry-specialized Intelligent Automation software, raised $220m in Series F funding.
The round was led by Georgian.
The company intends to use the funds to expand operations.
Led by CEO Alex Lyashok, WorkFusion provides an Intelligent Automation software platform designed to automate industry-specific manual operations to solve critical business problems, especially in banking and financial services, along with other highly regulated industries. By enabling rapid automation of document-heavy work at scale, customers are able to transform operations in areas such as anti–money laundering (AML), Know Your Customer (KYC), lending, capital markets, Treasury services and more.
The company’s Intelligent Automation solutions are powered by learning bots, proprietary artificial intelligence technology and advanced analytics, working together to automate a wide range of business operations, and specializing in the needs of banking, insurance and healthcare companies.