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ALKYMI RAISES $21 MILLION SERIES A FUNDING TO CREATE THE DATA ACTION LAYER


10 | 06 | 2022

Business users will transform their own workflows and make faster decisions with
the Data Action Layer

NEW YORK – October 6, 2022 – Alkymi, the leader in data workflow automation, has
raised $21 million in Series A funding led by Intel Capital with participation
from existing investors Canaan, Work-Bench and SimCorp. Intel Capital’s
Investment Director Dave Mueller will join Alkymi’s Board of Directors, applying
his expertise in enterprise technology and go-to-market to scale the company’s
growth.

More than 80% of the world’s data will be unstructured by 2025—and just 0.5% of
these resources are being analyzed and used today. In the enterprise,
unstructured data creates urgent roadblocks for business workflows resulting in
operational bottlenecks, costly inefficiencies, poor customer experiences, and
employee churn – massive challenges for enterprises in any market environment.

That’s why Alkymi is creating the Data Action Layer - a first-of-its-kind layer
that turns real-world unstructured data into actions, making it possible for
both technical and non-technical users to automate their own data workflows
cost-effectively and easily. By supercharging workflows, Alkymi enables
enterprises in financial services, healthcare, technology, energy and
transportation to seamlessly automate processes with no-code intelligent data
processing for documents, email, and file data.

“We’re proud that industry leading enterprises have selected Alkymi to transform
their business by accelerating data workflows up to 10x faster,” said Harald
Collet, CEO and Co-founder of Alkymi. “Our customers appreciate the impact that
Intel Capital brings to Alkymi with their track record of building successful
data-driven companies that are shaping the future. Intel Capital will help us
deliver on our vision, which is to change how work in the enterprise gets done.”

“At a time when enterprises are inundated with a massive volume of unstructured
data moving through their organization, Alkymi empowers its users with the tools
to transform this ‘dark’ data into valuable strategic assets,” said Mark
Rostick, Vice President and Senior Managing Director at Intel Capital. “Alkymi
reduces technical, operational, and economic barriers by placing machine
learning and automation technology into the hands of business users.”

"The need to meet high customer expectations while adhering to regulatory and
business requirements is a challenge for any enterprise," commented Yochai Korn,
Global Head of Market Data and Research at Interactive Brokers. "Alkymi's Data
Action Layer gives us the ability to transform the client experience and offer
entirely new data products to our customers and partners."

The Series A funding – which brings the company’s total financing to $26 million
– will allow Alkymi to expand its hiring efforts in product development and
go-to-market to scale its offerings. This financing round comes on the heels of
a year of major accomplishments, including users enabling 45 million data
actions on the platform, growing revenues 300%, and being recognized by KPMG as
the top "Private Enterprise Tech Innovator” in the U.S.

For more information, visit www.alkymi.io.

About Alkymi

Alkymi is building the Data Action Layer and transforming enterprise workflows
by placing machine learning and automation technology into the hands of business
users, turning operational data headaches into a source of efficiency. Alkymi's
core products – Data Inbox and Patterns Studio – allow businesses to extract,
analyze and take action on critical business data in emails and documents.
Leading organizations deploy Alkymi to accelerate decision-making, improve
customer satisfaction and empower employees to focus on higher value, more
rewarding work. For additional information, visit www.alkymi.io.

Media contact:

ELISE ORAS

+1 (610) 724 5172

elise@wheelsupcollective.com

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