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Romanian startup, FlowX.ai, identified for its experience in aiding massive companies with digitalization, has efficiently secured $35 million in a Sequence A funding spherical. Daybreak Capital, a outstanding London-based enterprise capital agency, led the funding. The spherical additionally noticed participation from earlier buyers, together with Day One Capital and PortfoLion from Hungary, in addition to SeedBlink from Romania, elevating $9 million.
This funding milestone not solely marks a major achievement for FlowX.ai but in addition units a brand new document within the enterprise software program sector, because it stands as the most important Sequence A funding in enterprise software program inside the previous 18 months. The spherical additionally set a document for the most important Sequence A spherical within the Romanian startup ecosystem.
The funds will catalyze FlowX.ai’s formidable enlargement plans and facilitate its means to maintain up with the ever-increasing demand for superior technological options. With its workforce based mostly in Romania and headquarters in the USA, FlowX.ai is decided to leverage the funding to speed up the adoption of its expertise amongst a wider buyer base.
FlowX.ai, based in 2020 by Romanian entrepreneurs, offers an answer that permits massive enterprises to seamlessly combine their various present programs onto a unified platform. The mixing permits corporations to develop trendy digital merchandise utilizing AI with out intensive modifications to legacy applied sciences or deep technical experience. FlowX.ai’s method stands out for its affordability and effectivity, with the digitization course of taking just some weeks as an alternative of months. With the latest addition of capital, the startup will increase its portfolio of AI-based options, which at present embrace numerous instruments similar to generative consumer expertise and predictive analytics.
FlowX.ai boasts a workforce of almost 50 professionals and has already made vital strides within the monetary sector, catering to outstanding monetary establishments like Hungary’s OTP, Romania’s Banca Transilvania, and Greece’s Alpha Financial institution. To boost its attain, the corporate collaborates carefully with famend system integrators similar to IBM and KPMG.
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