UK-headquartered business process management platform Bizagi has picked up a $48m minority investment from private equity firm Invus.
The company is a digital process automation platform which helps companies, like banks and insurance providers to connect people, applications, devices and information to create engaging experiences. The platform offers clients the ability to automate business processes and streamline tasks from the most complex to the simplest.
Bizagi is currently used by clients including Anida, Banco Popular, Santander Bank, Atlantic Security Bank, Callcredit, Generali, Prose Chile, AXA General Insurance and PwC, among others.
This new capital will be used to fund Bizagi’s growth across the US and Europe. Alongside this, the funding will be used to continue to scale the platforms software.
Bizagi CEO and co-founder Gustavo Gomez said, “As organizations strive to digitally transform, many are turning to innovative cloud and artificial intelligence (AI) solutions that empower both business and IT users to drive the change across their operations.”
European technology investment bank GP Bullhound served as financial advisor to Bizagi on this investment.
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