Amplify is a pre-seed fund in Venice, CA dedicated to backing strong teams at the earliest stages and supporting from first check to exit. The firm was founded in 2011, and has backed dozens of companies, which together have raised over half a billion dollars in funding, with exits to Apple, Google, FanDuel and others.

Amplify.LA

Toba Capital is an investment firm committed to helping create incredible technology companies. We specialize in business applications, IT, and internet infrastructure markets.

Toba Capital

Wavemaker Group is a multi-faceted cross border venture capital firm founded in 2003. The firm is dual headquartered in Los Angeles and Singapore and has raised over $580M across multiple funds. We currently have a team of 70 people across both sides of our practice. Wavemaker is one of the most active early-stage investors in Southern California and Southeast Asia and has invested in over 360 companies in the last 17 years.

Wavemaker Partners

Polaris Partners invests in healthcare and biotechnology companies. Their healthcare portfolio companies' care delivery models include digital health, consumer-centric businesses, patient-provider solutions, data science, and analytics. Their life sciences and biotechnology portfolio companies focus on molecules and platforms, therapeutics, and genomics.

Polaris Partners

Danmar Capital is a venture capital investment firm that is based in Beverly Hills, California and was founded in 2007. The firm invests in companies located in the United States.

Danmar Capital

Insight Partners is a global software investor that partners with growth-stage technology and software companies. Insight has a deep focus in Fintech, Cybersecurity, AI/ML, DevOps, and Healthcare sectors. Across their people and their portfolio, they encourage a culture around a core belief growth equals opportunity. As of December 31, 2022, the firm has over $75B in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO.

Insight Partners

Norwest is a venture capital and growth equity investment firm that specializes in venture and growth equity companies. Since its inception, it has invested in more than 600 companies and partnered with over 140 active companies across our venture and growth equity portfolio. The firm invests in early to late-stage companies across a wide range of sectors with a focus on consumer, enterprise, and healthcare. It offers a deep network of connections, operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses.

Norwest Venture Partners

Meritech Capital provides late-stage venture capital to technology companies. It specializes in the fields of finance, venture capital, and late-stage investment management.  It was founded in 1999 and headquartered in Palo Alto, California.

Meritech Capital Partners

Redpoint has partnered with visionary founders to create new markets and redefine existing ones since 1999. The firm invests in startups across seed, early, and growth phases. In total, Redpoint manages $4 billion across multiple funds.

Redpoint

Sapphire is a global software venture capital firm with more than $11 billion in AUM and team members across Austin, London, Menlo Park and San Francisco. For over a decade, Sapphire has partnered with visionary management teams and venture funds to back companies of consequence. Since its founding, Sapphire has invested in more than 170 companies globally resulting in more than 30 Public Listings and 45 acquisitions. The firm’s investment strategies — Sapphire Ventures, Sapphire Partners and Sapphire Sport — are focused on scaling companies and venture funds, elevating them to become category leaders. Sapphire’s Portfolio Growth team of experienced operators delivers a strategic blend of value-add services, tools and resources designed to support portfolio company leaders as they scale.

Sapphire Ventures

Coupa Ventures invests in early- and growth-stage companies. Coupa Ventures invests alongside other well-known industry investors to offer our portfolio companies unique benefits, access, and exposure. It's targeting companies that are Series A or beyond, we do have the capability to invest in seed rounds as well.

Coupa Ventures

ICONIQ Growth partners with exceptional entrepreneurs and leaders who drive global impact and change. The firm is inspired by visionaries defining the future of their industries by building company cultures that endure. ICONIQ Growth has a unique investment platform harnesses the power of ICONIQ Capital’s vibrant ecosystem of founders, pioneers, and business leaders with the goal of delivering tangible value and amplifying our portfolio companies’ success from early growth stage to IPO and beyond. ICONIQ Growth’s portfolio of innovators includes Adyen, AirBnB, Alibaba, Alteryx, Automattic, BambooHR, Braze, Chime, Collibra, Coupa, Datadog, Docusign, Gitlab, Marqeta, Miro, Procore, Red Ventures, Relativity, ServiceTitan, Snowflake, Sprinklr, Truckstop, Uber, Wolt, and Zoom, among others.

ICONIQ Growth

BDT Capital Partners is a private equity arm of BDT & Company that specializes in investments in family-owned and entrepreneurial businesses.

BDT & MSD Partners

WiL (World Innovation Lab) is a venture capital firm that partners with leading global corporations and government entities in Japan and Asia. With offices in Palo Alto, California, and Tokyo, the firm’s mission is to serve as a bridge between startups and corporations in the United States and Asia, with a particular focus on Japan. WiL supports its portfolio companies by establishing corporate partnerships that enable U.S. and European startups to scale globally, and Japanese startups to innovate and globalize. WiL invests in emerging technology spanning fintech, insurtech, automation and productivity, cybersecurity, cloud infrastructure, developer tools, health tech and sustainability. Notable WiL investments that have exited to public markets from Fund I and Fund II include Asana, Mercari, Raksul, Wise and Auth0 — whose acquisition by Okta was completed in May 2021. WiL also invests in exceptional venture funds, and supports its LPs in corporate venture investment efforts. WiL also works with its corporate investors on evolving their own innovation capabilities through new business creation, partnerships with leading startups, and organizational culture change. WiL acts as the bridge between startups and corporates across key innovation hubs around the globe in driving growth - starting with Japan and the US.

WiL (World Innovation Lab)

9Yards Capital provides entrepreneurs with long-term, strategic capital and have a deep understanding of how governments and regulators operate. They take a focused approach to the industries they invest in and have a proven track record in financial services and logistics investing.

9Yards Capital

FloQast

FloQast is a financial close management software designed to streamline the month-end close process for accounting teams. It helps organizations improve collaboration, visibility, and efficiency during the close process by providing tools for task management, documentation, reconciliation, and reporting. FloQast integrates with various accounting systems such as QuickBooks, NetSuite, and SAP, allowing users to work within their familiar environment while automating repetitive tasks and reducing manual errors. Overall, it aims to enhance accuracy and efficiency in financial reporting and compliance processes.

FloQast offers an end-to-end workflow automation platform for finance, accounting, and internal audit teams. The platform enables users to collaborate on the management of month-end close tasks and automate workflows relating to accounting operations, reconciliation management, financial reporting, payroll, and information requests. Furthermore, the platform offers a dashboard that provides users with visibility into compliance, financial planning and analysis (FP&amp;A), and reporting workflows, as well as insights on maximizing process efficiency.

Automation to improve business efficiency

Workflow Automation Platforms

FloQast: Interview With Co-Founder & CEO Mike Whitmire About This Accounting Automation Platform Company

To transform critical accounting and finance processes, including the financial Close, and Compliance and internal controls management, by combining FloQast's Finance and Accounting Operations Platform with PwC UK's industry expertise.

Platforms that automate accounting and finance operations such as accounts receivable, reconciliation, transaction matching, financial close management, and intercompany financial management

Microsoft

Accounting software FloQast has integrated Microsoft's cloud tools like Sharepoint, Visio, and Word into its platform, enhancing its existing connections with Dynamics 365, OneDrive, Excel, Teams, and Outlook.

Accounting software FloQast has integrated Microsoft's Cloud tools, such as Sharepoint, Visio, and Word, into its platform, enhancing its existing connections with Dynamics 365, OneDrive, Excel, Teams, and Outlook

FloQast offers an end-to-end workflow automation platform for finance, accounting, and internal audit teams. The platform enables users to collaborate on the management of month-end close tasks and automate workflows relating to accounting operations, reconciliation management, financial reporting, payroll, and information requests. Furthermore, the platform offers a dashboard that provides users with visibility into compliance, financial planning and analysis (FP&amp;A), and reporting workflows, as well as insights on maximizing process efficiency.In May 2023, the company expanded its platform by launching a compliance management solution that enables users to manage and integrate compliance into business processes, such as payroll processing and financial reporting. Furthermore, the company leverages GenAI to enable users to perform variances analysis, generate relevant descriptions and recommended actions for variances, automate information requests via auto-generate emails and intelligent response reviews, and automate reconciliation management.Key customers and partnershipsIn August 2022, FloQast extended its partnership with Microsoft to offer Microsoft’s global network of enterprise customers access to its accounting automation solutions via the Microsoft Business Applications ISV Connect program. The company also launched a number of apps on Microsoft AppSource.FloQast also provides a number of pre-built integrations with spreadsheet platforms, ERP systems, team messaging platforms, and email and cloud storage providers such as SAP, Oracle, Quickbooks, Dropbox, and Slack.As of October 2023, the company served over 2,500 global customers, including Shopify, Revolut, Kodiak, Zoom, Snowflake, DocuSign, and Okta.Funding and financialsIn April 2024, FloQast <a href="https://sp-edge.com/updates/28418">secured USD 100 million in Series E funding</a> led by ICONIQ Growth, at a valuation of USD 1.6 billion. The company planned to utilize the funding to support its research and development efforts (with a focus on AI), and global expansion. In February 2022, the company reported a 97% YoY growth in its annual recurring revenue (ARR) for the quarter, as well as a 153% YoY growth in net new ARR for 2021.

Headquartered in Berlin, Levity provides a no-code development platform (NDP) for building AI models to automate repetitive tasks. The platform is designed for managing customer service, marketing, and operations workflows, which deal with unstructured data such as images, text, and PDFs such as sales quote automation, direct order entry, and customer track and trace. Users can use simple templates to automate workflows and leverage the platform’s modular AI components (called AI blocks) that combine NLP and computer vision to parse unstructured data types.Levity offers 4 “AI blocks,” which enable users to create deep learning models based on their data to extract, classify, summarize, and generate text. Although the models come pre-trained out of the box, Levity allows users to fine-tune each model based on their requirements.Key customers and partnershipsAs of November 2023, Levity has automated workflows at companies such as HP, Mr. Beast, Reformation, Hear.com, BerlinCusine, and Gelato.It provides integrations with business applications such as Gmail, Outlook, and Zendesk.Funding and financialsIn October 2022, Levity <a href="https://sp-edge.com/updates/13740">raised USD 8.3 million </a>in seed funding, co-led by Balderton Capital and Chalfen Ventures to expand its employee base and invest in product development.

Levity

<div>
 
 Danish company Leapwork offers a no code workflow automation platform that uses robotic process automation to design, manage, and scale workflows. The company&rsquo;s design &lsquo;language&rsquo; uses flowcharts to graphically represent steps in a workflow and allows users to record processes, validate steps, and input data where needed. The platform also allows users to build web apps, desktop apps, and mobile web and virtual desktop solutions to automate workflows. Moreover, Leapwork&rsquo;s automation solutions can be integrated with a range of third party technologies including SAP, Oracle, Salesforce, and ServiceNow, among others. 
 
 
 Key customers and partnerships
 
 
 The company offers its services to a range of industries including financial institutions, logistics, healthcare, and retail, among others. As of August 2021, around 40% of its customers were part of the banking, insurance, and finance sector, and included companies such as PayPal, Mercedes Benz, BNP Paribas, and Accenture.
 
 
 The company reportedly doubled the number of customers year-over-year (YoY) since 2017 to over 300 customers as of August 2021 of whom around half were North American. The company claims that, with the use of their technology, businesses can achieve a 10x quicker time to market, 97% productivity gains, and a 90% reduction in application errors. As of August 2021, the company operates nine offices throughout Europe, North America, and Asia.
 
 
 Funding and financials
 
 
 In August 2021, Leapwork raised USD 62 million in Series B financing led by KKR and Salesforce Ventures, at a USD 312 million valuation. The company intends to use these funds to recruit new full-time employees in key markets, invest in global expansion, and open tech hubs to advance product development efforts.
 
</div>

Leapwork

<div>
 
 Anvil offers a workflow-building platform that allows users to transform paper processes and PDF documents into digital workflows, using a no-code building tool as well as an API suite with more technical features for developers. The no-code workflow-building tool named &ldquo;Workflows&rdquo; enables users to convert PDF and paper forms into logic-driven web forms to streamline digital data collection and request signatures. Users can then share the completed, signed PDFs and/or data from a secure link.&nbsp;
 
 
 The tool eliminates the repetition of information in entries on multiple documents by using a logic engine that ensures interlinked forms are filled out properly. Moreover, Anvil&rsquo;s own &ldquo;Etch E-sign&rdquo; features, as well as integration with DocuSign, allow users to share and sign forms directly on the platform.&nbsp;
 
 
 In March 2023, Anvil launched a new suite of enterprise products, which include APIs and no-code tools, to enable users to collect data, generate PDFs, and gather signatures within any application. These tools include conditional logic, lists, hidden fields, multi-field editing, single sign-on (SSO), and the ability to embed workflow and template builders.
 
 
 Key customers and partnerships
 
 
 Anvil&rsquo;s integration with Zapier allows users to connect &ldquo;Workflows'' to over 6,000 applications. Anvil provides targeted solutions for the banking and wealth management industries with clients such as Citi, Ameritrade, and Catalyst Wealth Management.&nbsp;
 
 
 Funding and financials
 
 
 In March 2023, Anvil 
 <a href="https://sp-edge.com/updates/17421">
 raised USD 10 million
 </a>
 in Series A funding from Craft Ventures and Gradient Ventures to secure more enterprise customers, grow its market, and expand its employee base.
 
</div>

Anvil

<div>
 
 UiPath offers a low-code process automation platform that includes a suite of products that spans across the entire automation lifecycle&mdash;from process discovery to automation development and management. These include: 1) Process discovery tools that include process and task mining tools, as well as idea capture and management; 2) development tools that include robotic process automation (RPA) software, process orchestration, and intelligent document processing; and 3) operations tools that include automation performance analytics.&nbsp;
 
 
 Users can build automation for a range of repetitive tasks, such as logging into applications, data extraction, moving folders, filling forms, and updating information fields, across a range of business functions like HR, IT, and compliance.&nbsp;
 
 
 In October 2023, the company launched &ldquo;Autopilot,&rdquo; a GenAI-powered tool that enables users to automate using natural language. Users can convert documents such as PDFs and images into automation applications, accelerate process testing, and filter, summarize, and create dashboards for process mining.&nbsp;&nbsp;
 <a href="https://sp-edge.com/updates/27785">
 In March 2024
 </a>
 , UiPath, launched new features for Autopilot that enable users to create automations, code and expressions with natural language. Users can generate step-by-step test cases from requirements and any other source documents, generate automations from test steps, and surface insights from test results.&nbsp;
 
 
 Additionally, the company launched several new generative AI features in its platform including: 1) context grounding, which enables users to improve the accuracy of GenAI models via retrieval augmented generation, 2) new large language models (LLMs), specifically designed for document and communications processing 3) connectors, which enable users to leverage a number of foundation models from IBM's watsonx.ai platform.
 
 
 UiPath has also expanded its presence in the automation space through acquisitions. In March 2021, the company acquired Elements, an API integration platform, for an undisclosed amount. It leveraged the acquisition to provide API-based automation capabilities to its clients. UiPath went on to acquire Re:infer, a natural language processing platform, in August 2022 to provide its users with the capability to deploy custom machine-learning models to analyze documents and communications data.
 
 
 Key partnerships and customers
 
 
 UiPath has an extensive partner ecosystem with a range of companies including technology partners that develop integrations for the platform, such as Adobe, Alteryx, DocuSign, Salesforce, and OutSystems, as well as cloud providers like AWS, Google, and Microsoft. The platform provides users access to over 1,400 reusable automation integrations and components to multiple applications, databases, and systems (as of October 2023).
 
 
 In February 2024, the company 
 <a href="https://sp-edge.com/updates/27109">
 extended its partnership with Google Cloud
 </a>
 , to make its platform accessible to a wider range of users via the Google Cloud Marketplace. The partnership also enabled the company to leverage 1) Google&rsquo;s Vertex AI platform, to enable users to infuse GenAI insights into their automations, as well as 2) Google Workspace, to offer users access to over 100 Google Cloud and Google Workspace integration activities. In March 2024, the company went on to 
 <a href="https://sp-edge.com/updates/27554">
 partner with Deloitte
 </a>
 , to introduce a new implementation methodology for enterprise resource planning (ERP) software developed by SAP.
 
 
 In October 2023, UiPath partnered with Apprio, a healthcare technology provider, to leverage the company&rsquo;s revenue cycle management capabilities to offer managed automation services to mid-market healthcare organizations. During the same period, it also partnered with Teradata to enable its ESG clients to automate complex data applications from dashboards to GenAI and large language models (LLMs). Furthermore, in September 2022, the company partnered with Microsoft to offer over 80 integrations between its automation platform and Microsoft Azure to joint customers via the Azure Marketplace. Furthermore, the company announced that it would be integrating with the Microsoft Power Platform. UiPath went on to integrate Microsoft&rsquo;s GenAI assistant, Copilot for Microsoft 365, into its automation platform 
 <a href="https://sp-edge.com/updates/29849">
 in May 2024
 </a>
 . This integration provided joint customers direct access to UiPath&rsquo;s automation capabilities directly within Copilot for Microsoft 365 and Teams.
 
 
 As of January 2023, UiPath served over 10,800 customers across a range of industries, including the American Red Cross, BMW Group, Carlsberg, Fujifilm, Japan Airlines, Korea Telecom, and the US Department of Defense.&nbsp;
 
 
 Funding and financials
 
 
 The company generated USD 1.3 billion in revenue in FY2024 (ended January 31). However, the company was yet to turn profitable with an operating loss of USD 165 million. The company expected revenue to reach USD 1.41 billion in FY2025 (implying YoY growth of around 8.5%). 
 
 
 
</div>

UiPath

<div>
 
 Appian offers a low-code platform that provides a suite of products that enable users to build, automate and optimize internal workflows and business processes across the finance, sales, and procurement functions. Users can leverage Appian&rsquo;s low-code declarative programming language named &ldquo;SAIL&rdquo; to build end-to-end process automation, including robotic process automation (RPA) bots, as well as connect customers, employees, systems, and AI. The platform also enables continuous monitoring of processes, tracking business metrics, performance, and return on investment via process dashboards and scorecards.&nbsp;
 
 
 In May 2023, the company released an AI Skill Designer, a low-code tool that enables users to build, train, and deploy custom machine-learning (ML) models. Users can leverage the company&rsquo;s native AI/ML services to integrate AI into existing business functions and automate repetitive tasks such as document classification, email classification and document extraction. Moreover, the company went on to launch &ldquo;AI Copilot,&rdquo; a GenAI-powered assistant, in August 2023. Through this, the company aims to allow users to create workflows using natural language as well as query Appian's data fabric architecture for self-service analytics with instant reports.
 
 
 Appian has expanded its offerings through acquisitions. The company acquired Novayre Solutions, an RPA platform, in 2020 and Lana Labs, a process mining company, in 2021, for undisclosed amounts. It leveraged these acquisitions to expand its automation and RPA, as well as process mining and optimization solutions respectively.
 
 
 Key partnerships and customers
 
 
 Appian has an extensive partner ecosystem with a range of companies, including service partner companies, such as FDM and Revature, and industry-specific technology companies to expand its services for enterprises. In 2021, the company partnered with Redox, a healthcare data platform, to enable health systems and payer entities to securely share patient medical record information. Appian also went on to partner with Swiss Re in October 2023 to launch &ldquo;Connected Underwriting Life Workbench.&rdquo; The solution enables insurers to evaluate and classify risk and handle exceptions and decisions on applications via a single interface.&nbsp;
 
 
 In February 2024, Appian 
 <a href="https://sp-edge.com/updates/27108">
 partnered with Symphony
 </a>
 , a provider of financial services workflow management solutions, to offer secure communication solutions and automated processes to financial institutions. The partnership enables users to embed auditable omnichannel communications on a number of popular platforms into their workflows on the Appian platform. This includes messaging and voice networks such as WhatsApp, WeChat, and SMS. In April 2024, the company went on to 
 <a href="https://sp-edge.com/updates/28503">
 partner with AWS
 </a>
 , to combine its own in-built AI capabilities and data fabric with large language models (LLMs) and machine learning services offered by Amazon Bedrock and SageMaker. Appian users can leverage these capabilities to host LLMs while ensuring compliance and data security and create, train, and fine-tune proprietary AI models using their own data. During the same period, the company also
 <a href="https://sp-edge.com/updates/28530">
 expanded its partnership with TELUS international
 </a>
 , a Canadian IT services company, to develop an automation-as-a-service product.&nbsp;
 
 
 Appian&rsquo;s data fabric comprises a library of integrations to enterprise systems (such as AWS, Oracle, Salesforce, and DocuSign) that can be used to connect and unify data.&nbsp;
 
 
 As of December 2022, the company served 925 enterprise customers, including Aon, Bayer, Deloitte, Union Bank, Sanofi, and Munich Re, across a range of industries.&nbsp;
 
 
 Funding and financials
 &nbsp;
 
 
 The company generated USD 468 million in revenue in 2022. However, the company was yet to turn profitable with an operating loss of USD USD 145 million in 2022. The company expected revenue to reach USD 538 million&ndash;543 million in 2023 (implying YoY growth of ~15%&ndash;16%).
 
</div>

Appian

Software to streamline and automate sales, marketing, and customer relationship management processes, such as qualifying leads, renewal, sales forecasts, pipeline tracking, and identifying overdue closing dates

Platforms that govern repetitive HR and admin processes such as recruitment management, employee onboarding, surveys, HRIS records, and assigning buddies

Platforms to automate operational workflows such as task monitoring and flows, streamlining facility requests, and supply chain management

Platforms that specialize in automating functions other than the four identified segments. These include platforms that automate IT, compliance, claims processing, cybersecurity, and product development

Platforms that offer a range of workflow automation and RPA bots that are not specifically targeted at any business function

Companies which utilize GenAI as a core part of their product offering for workflow automation

Offers solutions for businesses to build workflows and delivers them on a SaaS basis

Used together with RPA bots to optimize existing workflows and build new ones

Uses NLP to understand the information, especially unstructured information, present in workflows

Can automate workloads for several business functions for employees regardless of where they are

Used to extract data, understand and analyze unstructured data, and also deal with high-volume workflows

<div>
 FloQast, an accounting workflow automation platform, managed to acquire USD 100 million in Series E funding. The round was spearheaded by ICONIQ Growth, while BDT &amp; MSD Partners, WiL (World Innovation Lab), Meritech Capital, and Sapphire Ventures also participated. With this new funding round, FloQast has gathered a total of almost USD 303 million in funding, raising its valuation to USD 1.6 billion.
 FloQast has planned to utilize the capital to bolster its R&amp;D pursuits, primarily focusing on the integration of Artificial Intelligence (AI) in its services. The funds will also be utilized for global expansion.
</div>

FloQast

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