Digital Workforce raises €3 Million in Funding for Cognitive Solutions and Overseas Expansion
[Helsinki 14.09.2018] Digital Workforce, the Nordic’s fastest growing intelligent automation company currently employing 175 people, announced it has raised €3 million in funding round from existing investors. The funds will be used to further develop the company’s Digital Worker cloud platform making cognitive technologies easily available and to enable international expansion overseas.
Since its beginning Digital Workforce has been transforming business processes with the help of Digital Workers, powered by Robotic Process Automation. The company has automated over 800 processes and demonstrated that there is massive ROI in automating rule-based knowledge work tasks in large organisations across industries. Through machine learning and other artificial intelligence technologies organisations can automate even more complex tasks, and utilise also unstructured data, such as speech, images, text and sensor data as data source.
”Cognitive technologies will have a gigantic impact on business processes, both in bringing more efficiency and in generating something completely new. Our target is to extend our innovative, flexible and cost-effective cloud to cover also selected cognitive technologies. By making Intelligent and Learning Digital Workers easily available our customers can rapidly benefit from these ground-breaking technologies in addition to RPA”, said Heikki Länsisyrjä, one of the founders of Digital Workforce.
“We have funded Digital Workforce from the beginning and are delighted to continue our investment. The company is growing very fast and it employs the largest number of certified intelligent automation specialists in Northern Europe. They are a skilled team with a practical take on cognitive technologies in a rapidly growing market“, said Timo Ahopelto of Lifeline Ventures.
Digital Workforce operates currently in Finland, Sweden, Norway, Denmark and Poland. With the investment the company is also investigating growth opportunities in new potential markets.
The investors in the round are Capman Growth Fund along with earlier seed investors Leena Niemistö and Lifeline Ventures.
Heikki Länsisyrjä, Partner, Digital Workforce, heikki.lansisyrja (at) digitalworkforce.fi +358 50 5587801
Timo Ahopelto, Founding Partner, Lifeline Ventures, timo (at) lifelineventures.com
About Digital Workforce
Digital Workforce is the only company specialising in Intelligent Process Automation services on an industrial scale. Our intelligent digital workers automate knowledge work processes in large organizations freeing up the time of human employees for more valuable work. The deployment of digital workers requires no changes to the existing information systems. Digital Workforce was founded in the summer of 2015 and it currently employs over 175 IPA specialists in Finland, Sweden, Norway, Denmark and Poland. www.digitalworkforce.eu
About Lifeline Ventures
Lifeline Ventures Oy is a venture capital firm specializing in startups, growth capital, and early stage investments. The firm seeks to invest in healthcare, games, web based and general high technology sectors. Lifeline Ventures Oy was founded in November 2009 and it is based in Helsinki, Finland. www.lifelineventures.com