Kryon Secures $12 Million

Robotics startup Kryon announced the completion of $12 million in Series B financing, led by Aquiline Capital Partners and Vertex Ventures.

Kryon Systems’ goal is to transform digital transformation by developing unattended, attended and hybrid Robotic Process Automation (RPA) solutions. Using patented visual and deep learning technologies, the company’s flagship platform, Leo, allows companies to automate business processes quickly and easily, for immediate productivity gains, near zero error rates, reduced costs and significantly improved ROI. The Leo RPA platform can be used for both virtual machine and desktop automation, as well as hybrid automation that involves interaction between virtual and human workforces.

The company revealed that it plans to use the money from today’s investment to expand sales and marketing, as well additional engineering to continue building the next generation of RPA technology.