Progressly raises $6M, ropes in Silicon veteran Ruslan Belkin as VP

by Abhinav Mohapatra

Progressly, an online platform for sharing, collaborating and adopting processes for businesses, has secured $6 million in a Series A investment round led by 8VC’s Joe Lonsdale and Drew Oetting. The funding round also saw participation from from Bill Malloy and Brian Nugent, General Partners of Accelerate-IT Ventures (AITV) and David Beirne. According to Progressly, this funding will be used to make its existing platform more adaptive and it also aims to offer a single platform to enterprises to execute their processes for increased efficiency and productivity. With this funding, Progressly also announced the appointment of Ruslan Belkin who has served Salesforce, Twitter, Netscape, Siebel Systems, Sun Microsystems and LinkedIn, in the past and will be taking up the position of Vice President, Product Development. Ruslan Belkin commented, “Progressly is poised to completely transform the way enterprises organize and execute their business processes and gain insights to improve business outcomes. I’m excited to join this incredible team that is deep-rooted in a culture built on transparency, execution and teamwork.” The Redwood City-based company claims itself as the first Software-as-a-Service (SaaS) platform that enables companies such as Valero, Comcast, Shell to standardize and centralize business processes. It has an operational alignment that helps the user define and standardize processes while keeping every team member in sync. The platform also claims to deliver critical insights on key performance indicators to improve operations. Nick Candito, founder and CEO of Progressly stated, “Ruslan provides strong vision and solid experience that will help us seize the opportunity to disrupt a market that’s long overdue for innovation. With this investment we are in a great position to accelerate the adoption of our platform and help enterprises automate their processes that result in more profitable revenue, greater competitive advantage, and higher efficiency.”