Category Archives: process automation

FortressIQ raises $12M to bring new AI twist to process automation

FortressIQ, a startup that wants to bring a new kind of artificial intelligence to process automation called imitation learning, emerged from stealth this morning and announced it has raised $12 million. The Series A investment came entirely from a single venture capital firm, Light Speed Venture Partners. Today’s funding comes on top of $4 million in seed capital the company raised previously from Boldstart Ventures, Comcast Ventures and Eniac Ventures. Pankaj Chowdhry, founder and CEO of FortressIQ, says that his company basically replaces high-cost consultants who are paid […]

Read more