SKAEL, the leading automation
platform for creating and deploying Digital Employees, 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."