Apromore, a Melbourne, Australia-based company that provides process mining technology to businesses, has received $15 million in new funding to bolster its AI-driven platform. The raise is an extension of its initial Series B funding round, bringing the total for the round to $25.3 million. Apromore said it will use the cash infusion to support additional expansion in the U.S. and Europe and to accelerate its “AI roadmap.”
Process mining has become an increasingly important part of the automation strategy for companies, enabling them to identify which processes can and should be automated, reveal bottlenecks and inefficiencies in processes and reduce operating costs. The technology has gained momentum in recent years and is being integrated into the software offerings of a growing number of intelligent automation providers. Apromore is one of several prominent pureplays in the space.
“Process mining has emerged as a critical solution for businesses seeking to enhance operational efficiency, enable better customer experience and accelerate digital transformation,” said Apromore CEO and Co-founder Marcello La Rosa. It’s expected that one in four global enterprises will have process mining platforms in the next twelve months. We’re proud to see such strong interest in Apromore, which not only validates our vision and current trajectory, but also fuels our ambition to define what’s possible in the field of process mining and operational intelligence.”
The Series B-1 funding round was led by existing investors Salesforce and GBTEC with participation from Tin Alley Ventures.