Alkymi launched in 2017 with the goal of helping financial services companies automate routine tasks, a lightweight RPA to pull information from emails and spreadsheets, and eliminate a lot of copy/paste operations.
Recently, the company has developed a way for more customers to create their own automation and connect to whatever data source makes sense to them, based on their own work. They call this auto-generator Patterns Studio.
Today, the company announced a $21 million Series A.
Company founder and CEO Harald Collet says that Pattern Studios has completely changed the focus of the business from doing something for the customer to having them build their own automated devices based on the workflow. their own work.
“We take what used to be the sort of streamlined automation we would do for our clients, and we put a toolkit called Patterns Studio into the hands of business users… so they could express their ideas. his knowledge of the business logic of the data in our software and implementation Collet told TechCrunch.
While the idea is that without this code experience allows business users to create automated processes without much IT support, he says his company is using complex machine learning technology. back-end to implement workflows, which can focus on tasks like referring clients or gathering investment information, or anything built on top of a series of repetitive tasks repeat to complete a task.
This ability to build workflows is something any company can use, he says. “We started out in financial services. It’s a data-intensive vertical, but the tools and products we’ve built work across all verticals.”
The approach seems to be working. The company reports that 45 million actions have been processed through the platform, and revenue has skyrocketed 300% in the following 12 months as the startup is on track to double revenue this year.
When we talked to Collet at the time his $5 million seed round At the beginning of 2020, he has 7 employees. He’s added 30 years since then and will continue to hire after this new investment. He says having the right experience is an important part of his hiring process, but that diversity is essential to the success of the business.
“We’re going to go out and hire a lot of people with experience because of the industry we’re in and have a big focus on building a diverse team that reflects our users and our business, extremely diverse. across all different verticals and use cases. And so we need to emphasize diversity in our recruiting efforts,” he said.
Today’s round was led by Intel Capital with participation from existing investors Canaan, Work-Bench and SimCorp. Under the terms of the deal, Intel Capital chief investment officer Dave Mueller will join Alkymi’s board of directors. The company has now raised a total of $26 million.