Tonkean, a San Francisco CA-based enterprise business operations company, raised $50M in Series B funding.
The round was led by Accel with participation from Atlassian co-CEO Scott Farquhar, former Google CEO Eric Schmidt, as well as executives from UiPath, and existing backers Lightspeed Ventures and Foundation Capital.
The company intends to use the funds to:
- scale up hiring to its engineering and go-to-market teams, and
- invest further in its no-code orchestration platform for business operations.
Founded in 2015 by Sagi Eliyahu, CEO, Tonkean provides an enterprise-grade, no-code process orchestration platform for operations teams. By abstracting the technical knowledge required to automate, monitor, and manage mission-critical business processes, while maintaining compliance and security, Tonkean enables enterprises to accelerate operational velocity at scale. With Tonkean, business operations teams can compose their own business logic using reusable building blocks called “Enterprise Components”. These components are pre-approved and controlled by IT, enabling key capabilities like interacting with existing systems, coordinating with people, or leveraging advanced technologies like NLP & OCR. Tonkean allows operations teams to create solutions that work on top of their current tools and align with the way people actually like to work.
Enterprises like Instacart, Grubhub, Crypto.com, EVERSANA, and others use Tonkean to optimize and align their operations across functions, including sales, marketing, customer support, legal, finance, and more.
The company has R&D in Tel Aviv.
FinSMEs
25/06/2021