By ET Bureau - February 21, 2022 3 Mins Read
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.
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