Alkymi secures $21m

Alkymi, a provider of data workflow automation, has raised $21m in a Series A funding round.

Led by Intel Capital, the funding round also included existing investors Canaan, Work-Bench and SimCorp.

The fresh capital will be deployed to hire talent in product development and go-to-market to scale the company’s offerings.

Additionally, Intel Capital’s investment director Dave Muller will join Alkymi’s board of directors.

“Our customers appreciate the impact that Intel Capital brings to Alkymi with their track record of building successful data-driven companies that are shaping the future,” said CEO and co-founder of Alkymi, Harald Collet. “Intel Capital will help us deliver on our vision, which is to change how work in the enterprise gets done.”

“At a time when enterprises are inundated with a massive volume of unstructured data moving through their organisation, Alkymi empowers its users with the tools to transform this ‘dark’ data into valuable strategic assets,” commented Mark Rostik, VP and senior managing director at Intel Capital. “Alkymi reduces technical, operational, and economic barriers by placing machine learning and automation technology into the hands of business users.”

Alkymi provides data automation workflows, allowing businesses to extract, analyse and take action on business data in emails and documents. Additionally, it is building its Data Action Layer offering, which aims to turn real-world unstructured data into actions. This should allow both technical and non-technical users to automate their own data workflows.

Earlier this year, Alkymi was awarded the accolade Technology: Innovation at The Drawdown Awards 2022.