“We have been impressed with customer traction and believe WorkFusion has a significant opportunity to revolutionize digital work.”It can be used to automate high-volume, labor-intensive processes, historically performed by business process outsourcing (BPOs), which includes orizontal applications such as invoice and contract processing. “The year 2016 will be the year of automation,” said Max Yankelevich, WorkFusion’s CEO and co-founder. “Labor arbitrage is being replaced by digital arbitrage and our customers come to us not only to eliminate 60% of their operational costs, but more importantly, to gain business agility. Our platform combines robotic process automation with workforce orchestration and machine learning in one stack, which helps customers quickly automate complex business processes.” Existing investors, Mohr Davidow Ventures (MDV), Greycroft Partners, iNovia Capital and RTP Ventures also participated in the round.
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