Apromore, a leading innovator in AI-driven process mining, has successfully closed an additional $15 million in Series B-1 funding, extending its earlier round. This latest round, led by existing investors and featuring participation from Tin Alley Ventures—a joint venture between Tanarra Capital and the University of Melbourne—brings the total Series B funding to $25.3 million USD ($38.7 million AUD). This new capital will fuel Apromore’s expansion in the U.S. and Europe, and accelerate advancements in its AI product roadmap.
Marcello La Rosa, CEO and Co-founder of Apromore, remarked: “We are thrilled to witness such strong interest in Apromore. This funding not only reaffirms our strategic vision but also drives our ambition to innovate within process mining and operational intelligence. As process mining becomes essential for operational efficiency and digital transformation, this investment allows us to deliver greater value and support our expansion into new markets.”
Apromore continues to demonstrate impressive growth, with triple-digit revenue increases over the past year. The platform, renowned for its digital twin capabilities and no-code user experience, is set to enhance its features with an AI-enabled optimization engine. This advancement aims to simplify, automate, and standardize workflows while providing conversational interfaces for improved process analysis and simulation.
The addition of Param Kahlon, EVP and GM of Automation and Integration at Salesforce, as an observer on Apromore’s board, underscores the significance of this funding round. The company’s achievements were recently recognized with its second consecutive year as a Leader in the Gartner® Magic Quadrant™ for Process Mining Platforms and the Everest Group’s PEAK Matrix® Assessment for Process Mining 2024.
Editorial Perspective:
Apromore’s latest funding milestone highlights its pivotal role in the evolving landscape of process mining and operational intelligence. With its advanced AI-driven solutions and robust platform capabilities, Apromore is well-positioned to lead in a market where data-driven insights are crucial for business success. The company’s impressive revenue growth and continued innovation reflect its strong market position and commitment to enhancing business processes.
The strategic investment will not only bolster Apromore’s expansion into key international markets but also accelerate the development of its AI-driven optimization tools. This positions Apromore at the forefront of digital transformation, offering businesses the tools needed to streamline operations, improve compliance, and achieve measurable ROI.
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