Xembly Raises $15 Million in Series A  

by Kay Aloha Villamor in October 5th, 2022

Xembly, a Seattle, WA-based AI chief of staff for knowledge workers, announced that it raised $15 million in Series A funding.

The round was led by Norwest Venture Partners and joined by existing investors Lightspeed Venture Partners, Ascend, Seven Peaks Ventures, and new investor Flex Capital.

The Series A funding comes within a year of the company’s seed round, bringing its total capital raised to $20 million.

Xembly will use the capital to augment its natural language processing and machine learning capabilities and expand its customer footprint.

“Employers and employees alike are being asked to do more with less, yet solutions to support them are antiquated and incapable of smartly automating tasks that eliminate work and drive meaningful improvement,” said Pete Christothoulou, founder and CEO of Xembly. “AI advances in natural language processing and machine learning allow Xembly to deliver a new interaction model that finally frees the world’s knowledge workers of time-consuming tasks so they can get real work done.”

Xembly was founded on the insight that work life is not improving and task work is increasing. According to a recent Xembly survey, 56 percent of employees believe their work week is unproductive; they spend 10+ hours weekly on mundane, repetitive tasks; and over two-thirds are looking to change jobs.

Company: Xembly, Inc.

Raised: $15.0M

Round: Series A

Funding Month: October 2022

Lead Investors: Norwest Venture Partners

Additional Investors: Lightspeed Venture Partners, Ascend, Seven Peaks Ventures, and Flex Capital

Company Website: https://www.xembly.com/

Software Category: AI Chief of Staff

About the Company: Xembly is an AI chief of staff for knowledge workers. Xembly has reimagined workplace productivity with conversational AI. The product leverages advanced natural language processing to harness the productivity of an executive assistant or chief of staff. It expertly detects the intention behind conversations in meetings, Slack, and email to automate tedious tasks like scheduling, meeting notes, action item management, to-do lists, meeting feedback, and schedule optimization. Xembly built Xembly to give you time to focus on the work that matters and take care of the rest.

Source: https://www.prweb.com/releases/2022/10/prweb18930733.htm

Your cart