AlleyWatch
WorkFusion
WorkFusion automates enterprise business processes by combining robotics, AI-powered cognitive automation, and workforce orchestration. Founded by Andrew Volkov and Max Yankelevich in 2010, WorkFusion is backed by investors that include Georgian Partners, Greycroft, iNovia Capital, Mohr Davidow Ventures, and NGP Capital and is headquartered in New York.
FOUNDED:2010
FOUNDERS:Andrew Volkov, Max Yankelevich
Robotic process automation (RPA) enables businesses to free up their human capital to focus on higher-value tasks by automating repetitive, tedious tasks. These robotic systems also free up IT departments as they do not require any specialized skillset to deploy, end up being cost-effective in the longer term, and more accurate. WorkFusion has built its Intelligent Automation enterprise-level software that allows highly -regulated specialized industries like banking, finance, and healthcare to seamlessly adopt RPA. The bots learn in real-time and this knowledge is shared across WorkFusion’s bot ecosystem with sensitive information stripped out so that all customers benefit from a network learning effect. The company counts companies like Deutsche Bank, Hewlett Packard, Standard Bank, and Humana as customers and these partners have been able to save up to 50% in time and 50% in costs for tasks that WorkFusion has been able to automate. AlleyWatch caught up with President and CEO Alex Lyashok to learn more about the power of combining AI, machine learning, and RPA for the enterprise, the company’s future plans, impressive traction, and latest round of funding led by Georgian.