Apromore, a Melbourne, Australia-based provider of AI-driven process mining and digital solutions, has secured an additional $15 million in Series B extension.
Investors
The 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, bringing Apromore's total amount of the Series B round to USD 25.3 million / AUD 38.7 million.
Apromore Use of Funds
The company will use the funds to deliver rapid customer value, expand in the US and Europe, and accelerate its AI product roadmap. Apromore plans to enhance its digital twin capabilities and no-code experience with an AI-enabled optimization engine for workflow simplification and automation, and provide conversational interfaces for efficient process discovery, analysis, and simulation.
About Apromore
Founded in 2009, Apromore provides process mining and AI-driven business process improvement technology. They help businesses enhance operational efficiency, improve customer experience, and accelerate digital transformation through advanced process analytics. Their mission is to democratize process mining by enabling business teams to rapidly use advanced data science techniques to achieve digital transparency and operational excellence in a completely no-code environment. Apromore is headquartered in Melbourne and has a presence in London, New York, and other locations worldwide.
Funding Details
Company: Apromore Pty Ltd.
Raised: $15.0M
Round: Series B-1
Funding Month: August 2024
Lead Investors: Existing Investors
Additional Investors: Tin Alley Ventures, Tanarra Capital, University of Melbourne
Company Website: https://apromore.com/
Software Category: Business Process Analytics
Source: https://apromore.com/newsroom/apromore-receives-15-million-in-series-b-1-round-to-accelerate-ai-driven-process-mining