WorkFusion
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WorkFusion

http://www.workfusion.com
Last activity: 17.04.2024
Categories: TechnologyServiceRoboticsBusinessAutomationFinTechDataLearnHumanPlatform
The world's most innovative enterprises use WorkFusion to transform and digitize their operations. Our platform helps global banks, insurance, information services and healthcare businesses automate complex, high volume business processes by combining process orchestration, robotic automation, and machine-learning powered cognitive automation into one business user platform. TECHNOLOGY: WorkFusion uses the best techniques of robotics (rules-based) automation and machine learning to automate digital tasks by simply watching how human workers perform them. The platform lets users configure business processes and provides a library of pre-built robotic tasks and human process templates. WorkFusion divides these processes into microtasks, which makes the work easier to perform for human workers and easier for algorithms to learn. The platform then automatically orchestrates human workforces (FTE, outsourced, or crowdsourced) to perform the tasks while ensuring quality. APPLICATION: WorkFusion serves large financial services, eCommerce, and retail businesses who use the platform a wide variety of knowledge processes, ranging from simple data gathering, categorization, and translation to complex record and content creation. HISTORY: The idea behind WorkFusion was conceived in 2010 by CEO Max Yankelevich and CTO Andrew Volkov following research at MIT's Computer Science & Artificial Intelligence Lab (CSAIL) wherein crowd workers were engaged through machine learning to detect fraud in online financial transactions. Recognizing the opportunity to apply this capability to enterprise business, Max and Andrew swiftly founded WorkFusion and dedicated the company to transforming knowledge work in the same way that Amazon Web Services transformed computing.
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Mentions
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Persons
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Location: Belarus, Minsk
Employees: 201-500
Total raised: $334M
Founded date: 2010
Founders name: Max Yankelevich
Founders Related Locations: United States, New York, New York

Investors 8

Funding Rounds 5

DateSeriesAmountInvestors
09.03.2021Series F$220M-
03.06.2018Series E$50M-
31.01.2017Series D$35M-
21.12.2015Series C$14M-
29.04.2014Series B$15M-

Persons 1

DateFirst NameLast NameTitleLinkedIn
-MaxYankelevic...Founder an...linkedin.c...

Mentions in press and media 61

DateTitleDescriptionSource
17.04.2024WorkFusion Named a Leader in Everest Group's PEAK Matrix® fo...WorkFusion's recognition as a Leader in IDP once again plus its Leader position in the new Banking-s...salamancap...
12.03.2024The Top Robotic Process Automation Software According to the...FeaturedCustomers releases the Winter 2024 Robotic Process Automation Software Customer Success Repo...einpresswi...
25.10.2023The Latest Research From Workfusion and Celent Reveals AI Is...Report shows that rather than AI taking jobs from AML professionals, organizations are using automat...aithority....
18.10.2023Mphasis, WorkFusion Partner to Transform Financial Crimes fo...Being a prominent leader in risk and compliance operations, Mphasis will harness the power of WorkFu...aithority....
25.05.2023It’s Time To Lean Into AI, Not Take A PauseAdam Famularo is CEO of WorkFusion, a leader in intelligent automation for enterprises.forbes.com...
16.02.2023WorkFusion Taps Anti-Financial Crime Veteran as Vice Preside...Arthur Mueller brings more than 20 years of experience across a number of financial institutions and...aithority....
19.10.2022WorkFusion Expands Global Footprint with New European Headqu...Plans to hire 100 software engineers, data scientists, and more for its AI-enabled digital workforce...aithority....
29.09.2021WorkFusion Appoints Adam Famularo as CEOWorkFusion, a top provider of industry-specialized Intelligent Automation software, announced Adam F...aithority....
10.05.2021Breaking The Vicious Cycle Of Compliance Debt In Financial S...CEO and President of WorkFusion, leader in Intelligent Automation for the enterprise.forbes.com...
10.03.2021WorkFusion raises $220 millionWorkFusion WorkFusion Founded: 2010 Headquarters: New York, NY, US Total Funding: $341.3M See full c...coverager....
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