Apromore Secures $15 Million USD in Funding to Accelerate AIDriven Process Mining Solutions
Apromore, a leading provider of AIdriven process mining and digital solutions, has successfully closed an additional $15 million USD in funding as an extension to its Series B round. The funding round was led by existing investors, with participation from Tin Alley Ventures, a joint venture between Tanarra Capital and the University of Melbourne, and other investors. This funding brings the total amount raised in the Series B round to $25.3 million USD.
The company, experiencing strong customer momentum and market demand, has seen tripledigit revenue growth over the past year. The new investment will allow Apromore to continue delivering rapid value to its customers and support its expansion in the US and Europe. Furthermore, the funding will be utilized to accelerate Apromore’s AI product roadmap, enhancing its digital twin capabilities and introducing an AIenabled optimization engine to streamline activities and workflows. Additionally, Apromore aims to provide conversational interfaces for improved process analysis and simulation.
Apromores CEO and Cofounder, Marcello La Rosa, expressed pride in the companys progress and the increasing interest in process mining as a crucial tool for operational efficiency and digital transformation. La Rosa highlighted the importance of this funding in supporting Apromores mission to redefine business transformation through process data and operational intelligence.
Among the investors in this round, Param Kahlon, EVP and GM of Automation and Integration at Salesforce, joins Apromore’s board of directors as an observer.
The Apromore platform addresses the challenges faced by businesses in achieving process transparency and modeling changes effectively. By enabling visualization, analysis, and simulation of business processes, Apromore empowers teams to assess the impact and risks of proposed changes, facilitating informed decisionmaking with predictable ROI.
Apromores commitment to innovation and excellence is reflected in its recent recognitions as a Leader in the Gartner® Magic Quadrant™ for Process Mining Platforms and Everest Group’s PEAK Matrix® Assessment for Process Mining.
