NEW YORK, Oct. 6, 2022 — Alkymi, a pioneer in data workflow automation, has raised USD 21 million in Series A funding from previous investors Canaan, Work-Bench, and SimCorp. Intel Capital served as the lead investor in the deal. Dave Mueller, the Investment Director at Intel Capital, will join the Alkymi Board of Directors and use his knowledge of corporate technology and marketing to scale the business’s expansion.
By 2025, more than 80% of all data will be unstructured, but only 0.5% of these resources are now being examined and utilized (1). Unstructured data in the workplace urgently stymies corporate activities, causing operational delays, expensive inefficiencies, bad customer experiences, and staff churn—huge business problems in any market situation.
For this reason, Alkymi is developing the Data Action Layer, a ground-breaking layer that transforms unstructured data from the real world into actions, enabling technical and non-technical people to automate their data operations affordably. With no-code intelligent data processing for documents, emails, and file data, Alkymi empowers businesses in the financial services, healthcare, technology, energy, and transportation sectors to automate activities easily.
Harald Collet, CEO, and Co-Founder of Alkymi, said:
“We’re happy that industry-leading organizations have chosen Alkymi to improve their business by accelerating data workflows up to 10x faster.” “Our clients value Intel Capital’s contribution to Alkymi given their track record of creating innovative, data-driven businesses that are reshaping industries. Our goal is to transform how business operations are carried out, and Intel Capital will assist us in achieving this goal.”
Yochai Korn, Global Head of Market Data and Research at Interactive Brokers, stated that:
“The necessity to achieve high consumer expectations while adhering to regulatory and commercial standards is a challenge for any organization.” “Alkymi’s Data Action Layer enables us to completely reimagine the client experience and provide our clients and partners with brand-new data products.”
More about the company:
The Series A funding will enable Alkymi to scale its go-to-market and product development recruiting activities, bringing the company’s total capital to USD 26 million. Following a year of significant successes, including user-enabled 45 million data actions on the platform, 300% revenue growth, and recognition by KPMG as the top “Private Enterprise Tech Innovator,” this investment round is timely.
By giving business users access to machine learning and automation technology, Alkymi is creating the Data Action Layer and revolutionizing organizational workflows, turning operational data issues into a source of productivity. Businesses may extract, analyze, and act on crucial business data from emails and documents using Alkymi’s flagship products, Data Inbox and Patterns Studio. Leading companies use Alkymi to hasten decision-making, boost customer happiness, and free up staff to concentrate on higher-value, more fulfilling work.
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