SKAEL Raises $38 Million Series A Round to Help Companies Hyperautomate with Next-Gen AI
New Digital Workforce Platform Empowers Organizations with Conversational AI
SAN FRANCISCO - Feb. 21, 2022 – SKAEL, the leading automation platform for creating and deploying Digital Employees, today announced it has secured $38 million in Series A funding, led by RTP Global.
Additional investors in the round include Bonfire Ventures, which led SKAEL’s $4 million seed funding in October 2020, and Dell Technologies Capital. SKAEL will use the new equity-based funding to expand the company’s product development, its technology centers in Europe and North America, and increase global sales and marketing initiatives. SKAEL currently has Digital Employees deployed at the San Diego Housing Commission, Google, Signifi, Asurion, and various banks across North America.
A pioneer in hyperautomation, SKAEL is launching its new Digital Workforce Platform, which combines its automation and conversational artificial intelligence (AI) technologies to bring a new class of Digital Employees to market. These Digital Employees change the way humans interact with software and allow humans to do more purposeful work.
Founded in 2017, SKAEL uses its AI-enabled workforce platform to power Digital Employees that perform repetitive tasks across sales, human resources, finance, IT, and more, allowing employees to focus on more important tasks. SKAEL’s low-code Digital Employees interact with most major software programs instantly. Machine Learning interprets requests and provides answers so that human employees can focus on higher-level tasks.
“Our conversational AI engine means people can interact naturally, focusing on goals versus tasks,” said Baba Nadimpalli, CEO and Co-Founder at SKAEL. “People don’t want to be cogs in assembly lines or sit at cubicles anymore. SKAEL deconstructs the Industrial Revolution in that our Digital Employees let humans be more human.”
“SKAEL delivers exceptional value to global organizations, and is experiencing extraordinary growth as a result,” said Jim Andelman, Co-Founder and Managing Director at Bonfire Venture. “Hyperautomation will transform the way businesses automate work, from powering individual tasks to end-to-end processes. We look forward to continuing our partnership with SKAEL as it leads this market.”
“SKAEL is one of the first companies I've seen that is able to handle the complexities of hyperautomation all while creating a dead simple UI which practically anyone from Googlers to municipal government employees can interact with,” said Julius Schwerin, Partner at RTP Global. The grand vision of SKAEL to usher in an era of generalized ‘digital employees’ is incredibly exciting and has the potential to fundamentally change how mundane work is done for all organizations. I couldn't be happier to work with the team to bring this to life.”
“Baba and the SKAEL team fundamentally understand that the key to a high-performing team lies in enabling people to engage in purposeful work,” said Radhika Malik, Principal with Dell Technologies Capital. “We’ve been deeply impressed by their commitment to creating a human-centric automation platform that lets people do the critical thinking and automation picks up the rest. We are excited to partner with them as they continue to build their ‘Digital Employee’ platform.”
Julius Schwerin will join the SKAEL board of directors as part of this Series A round.
About RTP Global
RTP Global is a venture capital firm focused on early-stage technology investments. It supports young companies with strategic know-how and a broad global network. RTP Global has invested in more than 100 companies founded in more than 10 countries across Europe, Asia and North America. Six early-stage investments became multi-billion public companies: Yandex, EPAM, Delivery Hero, Ring Central, Datadog and Ozon. RTP Global has offices in New York, London, and Bangalore. Visit https://www.rtp.vc.
About Dell Technologies Capital
Dell Technologies Capital is the global venture capital investment arm of Dell Technologies. The Dell Technologies Capital investment team backs passionate early-stage founders who push the envelope on technology innovation for enterprises. Investing at a pace in excess of $200M per year, the team has backed more than 130 startups with notable investments in companies including Arista Networks, Cylance, Docusign, Graphcore, JFrog, MongoDB, Netskope, Nutanix, Nuvia, RedisLabs, Xometry and Zscaler. Headquartered in Palo Alto, California, Dell Technologies Capital also has offices in Boston and Israel. For more information, visit www.delltechnologiescapital.com.
About Bonfire Ventures
Bonfire Ventures is a seed-stage venture capital firm that invests exclusively in B2B software businesses, and typically leads or co-leads a startup's first priced round. Bonfire, with over $500 Munder management, backs extraordinary founders who are seeking to build world-class market leaders and aspires to be those founders' "first call", which is earned through trustworthiness, responsiveness and expertise. Investments include The Trade Desk (IPO), Scopely, TaxJar (acquired by Stripe), Pendo, ChowNow, Outreach, OpenPath (acquired by Motorola), Branch, Edgecast (acquired by Verizon), Boulevard, Optimize Health, Prevoty (acquired by Imperva), Inspire, Mountain Digital, EmailAge (acquired by Lexis Nexis), Invoca, Honk, Bitium and Orbitera (both acquired by Google), Testflight (acquired by Apple) and others. For more information visit http://www.bonfirevc.com.
SKAEL combines automation and conversational AI technologies into a workforce platform that powers Digital Employees. This not only lets our customers save money and time, but more importantly lets human innovators reclaim time for purposeful work. Digital Employees let you focus on important questions, and not memorize how to do tasks in software. For more information visit www.skael.com.