RPA and automation technology providers continue to attract significant investment as WorkFusion this week nabbed a $220 million Series F funding round led by Toronto-based Georgian. The New York City-based intelligent automation company focuses its solution on financial institutions and other highly regulated sectors. It has raised more than $340 million in funding since it was founded on 2009.
“Our unique approach of automating industry-specific, document-heavy operations with advanced AI is yielding remarkable success for our banking customers; now we can take that success to a wider audience at greater speed and unlimited scale,” said WorkFusion CEO Alex Lyashok. “We have a winning playbook, and the market is vast.”
WorkFusion is at least the fourth company in last 18 months to secure a nine-figure figure raise, joining Automation Anywhere ($290 million in Nov. 2019), Blue Prism ($120 million in April 2020) and UiPath ($750 million in Feb. 2021 and $225 million in July 2020).