WorkFusion
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.3m | Seed | ||
$2.3m | Seed | ||
$5.0m | Series A | ||
$15.0m | Series B | ||
$14.0m | Series C | ||
$35.0m | Series D | ||
* | $50.0m | Series E | |
$220m | Series F | ||
Total Funding | AUD531m |
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EditWorkFusion is a technology startup that provides Artificial Intelligence (AI) digital workforce solutions. These solutions are designed to automate complex job roles, helping businesses overcome staffing challenges, improve compliance, and save money. The company's primary target market is banking and financial services organizations, where its AI Digital Workers are used in functions such as anti-money laundering (AML), sanctions screening, and Know Your Customer (KYC) procedures.
WorkFusion's AI Digital Workers are pre-built and ready to use, making them a cost-effective solution for scaling AML compliance programs. They work alongside human employees, taking over repetitive tasks and freeing up staff to focus on higher-value projects. This eliminates the need for outsourcing or offshoring work, and also enhances both employee and customer experience.
The company also offers a no-code intelligent automation platform, Work.AI, which allows businesses to build or configure their own AI Digital Workers. Unlike traditional Robotic Process Automation (RPA) bots that can only automate tasks with no variations, Work.AI combines AI, machine learning, Intelligent Document Processing (IDP), and RPA to automate complete jobs.
WorkFusion's business model is based on selling these AI Digital Workers and the Work.AI platform to businesses. The company generates revenue from the sale of these products, as well as from ongoing support and maintenance services.
Keywords: Artificial Intelligence, Digital Workforce Solutions, Banking and Financial Services, Anti-Money Laundering, Sanctions Screening, Know Your Customer, No-Code Intelligent Automation Platform, Machine Learning, Intelligent Document Processing, Robotic Process Automation.