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ACQUIRED COMPANY
 
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FortressIQ  Acquired by Automation Anywhere (2021  amount undisclosed )

27 Maiden Lane, Suite 590
San Francisco, CA 94108
USA
415-906-5767
Website Company Summary Management Team
Management

CEO: Pankaj Chowdhry (8/31/2017)
Finance: Ryan Stroub (08/31/2020)
Business Development: Jay Sivachelvan
Board

Outside board: (May no longer be on the board) Tamara Steffens (Acompli Former SVP Business Development) Nakul Mandan (Lightspeed Venture Partners Partner) Ed Sim (Boldstart Ventures)
Company

Business description: FortressIQ is the creator of a cognitive automation platform that powers and accelerates digital transformation through imitation learning. Using an innovative type of AI that combines computer vision, natural language and sequence modeling, FortressIQ learns how a business functions through live activity analysis. By radically lowering the cost, effort and time required to document business processes, enterprise organizations can use FortressIQ’s platform to quickly gain the insights necessary to improve business operations and implement automation. The FortressIQ platform automatically discovers, maps, and documents all the digital processes executed by an organization’s workforce. From web-based apps, to legacy systems, virtual desktops & green screens, we eliminate the need for APIs and access to event logs, requiring no configuration and zero integration, delivering a time to value in weeks. With AI-driven technology, the discovery method generates process documentation automatically, allowing customers to map processes in record time, and transparently providing the most holistic view of their current state digital operations
Capital

Rounds: 3
Recent Fundings: May 2020   Jun 2019
Capital raised: 46.0M
Last Round: 30.0M
Ownership: Acquired by Automation Anywhere (2021  amount undisclosed )
VCs include: Lightspeed Venture Partners BOLDstart Ventures ENIAC Ventures ;  12/4/2018;  M12 Ventures
Corporate investors: Comcast Ventures

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Overview
Record updated: Dec 2021
Sector: Information Technology
Year Founded: 2017
Headcount: 51-75 as of Dec 2021
Rounds: 3
Recent Fundings: May 2020   Jun 2019
Capital Raised: 46.0M
Last Round: 30.0M
Ownership: Acquired by Automation Anywhere (2021  amount undisclosed )