Alkymi secures $21m

by Matthias Plötz 10 October 2022

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.

Categories: NewsOutsourcingIT & cyber securityTechnologyTech providers

4 December 2023

Comment: Who’s afraid of the US tax system?

James Debate, corporate senior tax manager at USTAXFS, explains how European PE firms can unpick the US tax system to win over US pension fund investors

4 December 2023

Roschier expands finance and restructuring team

Björn Hård af Segerstad joins the law firm as counsel for financial regulation

4 December 2023

MUFG IS anchors in Malaysia

New office to provide full-service offering across fund accounting, administration and asset servicing

4 December 2023

Quantium partners with Microsoft Azure

Investment management software stores data and has built its investor portal on Microsoft’s cloud computing platform

4 December 2023

Praxio appoints head of banking and finance

Pinsent Masons fund finance director Michael Mbayi joins Luxembourg law firm

1 December 2023

Hillhouse opens London office

The London operations team of the investment firm will be led by vice president Hallie Fishman