Alkymi, a New York-based document processing and data workflow automation, announced that it raised $21 million in Series A funding, bringing Alkymi's total funding to $26 million.
The round was led by Intel Capital, with participation from existing investors Canaan, Work-Bench, and SimCorp.
The fund will allow Alkymi to expand its product development and go-to-market hiring efforts to scale its offerings.
This financing round comes on the heels of a year of significant accomplishments, including users enabling 45 million data actions on the platform, growing revenues by 300%, and being recognized by KPMG as the top "Private Enterprise Tech Innovator" in the U.S.
"We're proud that industry-leading enterprises have selected Alkymi to transform their business by accelerating data workflows up to 10x faster," said Harald Collet, CEO and Co-founder of Alkymi. "Our customers appreciate the impact that Intel Capital brings to Alkymi with their track record of building successful data-driven companies that are shaping the future. Intel Capital will help us deliver on our vision, which is to change how work in the enterprise gets done."
Intel Capital's Investment Director, Dave Mueller, will join Alkymi's Board of Directors.
Company: Alkymi, Inc.
Raised: $21.0M
Round: Series A
Funding Month: October 2022
Lead Investors: Intel Capital
Additional Investors: Canaan, Work-Bench, and SimCorp
Company Website: https://www.alkymi.io/
Software Category: Document Processing and Data Workflow Automation
About the Company: Founded in 2017, Alkymi is a provider of intelligent document processing and data workflow automation, empowering businesses to unlock their data and supercharge their workflows. Alkymi is building the Data Action Layer and transforming enterprise workflows by placing machine learning and automation technology into the hands of business users, turning operational data headaches into a source of efficiency. Alkymi's core products—Data Inbox and Patterns Studio—allow businesses to extract, analyze, and take action on critical business data in emails and documents. Alkymi enables enterprises in financial services, healthcare, technology, energy, and transportation to seamlessly automate processes with no-code intelligent data processing for documents, email, and file data. Leading organizations deploy Alkymi to accelerate decision-making, improve customer satisfaction, and empower employees to focus on higher-value, more rewarding work. Alkymi's vision is for every company to have a Data Action Layer, so they can finally rise above the difficult-to-manage, chaotic world of unstructured data and turn operational data headaches into a source of efficiency and action.
Source: https://www.prnewswire.com/news-releases/alkymi-raises-21-million-series-a-funding-to-create-the-data-action-layer-301642772.html?tc=eml_cleartime