Home US Startup SKAEL Raises $38 Million Series A Round

US Startup SKAEL Raises $38 Million Series A Round

by sol-admin

Founded in 2017, SKAEL uses its AI-enabled workforce platform to power Digital Employees that perform repetitive tasks across sales, HR, finance, IT, and more, allowing employees to focus on more important tasks. SKAEL’s low-code Digital Employees interact with most major software programs instantly. Machine Learning interprets requests and provides answers so that human employees can focus on higher-level tasks. Yesterday, the company announced it had secured $38 million in Series A funding, led by RTP Global. Here are the details.

SKAEL will use the new equity-based funding to expand the company’s product development, its technology centers in Europe and North America, and increase global sales and marketing initiatives. SKAEL currently has Digital Employees deployed at the San Diego Housing Commission, Google, Signifi, Asurion, and various banks across North America. SKAEL is launching its new Digital Workforce Platform, which combines its automation and conversational AI technologies to bring a new class of Digital Employees to market. These Digital Employees change the way humans interact with software and allow humans to do more purposeful work.

RTP Global is a venture capital firm focused on early-stage technology investments. It supports young companies with strategic know-how and a broad global network. Additional investors in the round include Bonfire Ventures, which led SKAEL’s $4 million seed funding in October 2020, and Dell Technologies Capital.