Leapwork raises $10M for its easy process automation platform, plans US expansion
Most work involving computer systems is extremely repetitive, which is why corporations frequently have builders write code to automate repetitive duties. However that course of is just not very scalable. Ideally, people throughout a whole enterprise would have the ability to create automated duties, not simply builders. This drawback has created a brand new class referred to as course of automation. Startups on this area are all about making corporations extra environment friendly.
Many of the present instruments in the marketplace are code-based and complex, which tends to make it robust for non-technical individuals to automate something. Ideally, you’d permit them to coach software program robots to deal with repetitive and mundane duties.
That is the goal of Leapwork, which at the moment pronounces a Sequence A funding of $10 million, from London’s DN Capital and e.ventures out of Berlin. The corporate already has many purchasers, from tier-one banks and world healthcare corporations to aerospace and software program corporations, and now plans to develop within the U.S. Its clients usually have already got plenty of expertise with instruments similar to Tricentis, MicroFocus, UiPath and BluePrism, however make use of Leapwork when code-based instruments show limiting.
Based in 2015 and launched in April 2017, Leapwork has a wholly visible system, backed by a contemporary tech stack. As an alternative of utilizing developer time, employees automate duties themselves, with out writing any code, with a easy consumer interface that’s likened to studying PowerPoint or Excel. Leapwork estimates it may possibly save 75 p.c of an worker’s time.
Christian Brink Frederiksen, Leapwork’s CEO and co-founder stated: “About half of our business comes from the U.S. and this investment will enable us to serve those customers better, as well as reaching new ones.”
Leapwork has discovered traction within the areas of software program testing, knowledge migration and robotic course of automation in finance and healthcare. Based mostly in Copenhagen, Denmark, Leapwork has workplaces in London, U.Okay., San Francisco, USA, Minsk, Belarus, and Gurugram, India.
Thomas Rubens, of DN Capital, stated: “From the outset we were impressed by Leapwork’s product, which we believe will change the automation landscape. Every company has repetitive tasks that could be automated and few have the developer resource to make it happen.”
The founders started in June 2015 in Copenhagen, Denmark, after having labored for nearly 20 years in enterprise software program and business-critical IT. They launched their first pilot in July 2016 and, after working with International2000 pilot clients within the U.S. and Europe, went dwell with the Leapwork automation platform in March 2017.
Previous to this funding the corporate was bootstrapped by the founders, as each had earlier profitable exits.