WorkFusion
Headquarters
New York, NYFounded
2010CEO / Founder
Adam WrightEmployees
201-500Funding
Acquired — $120MProducts
1 product listedAvg. AI Score
7.1/10Website
workfusion.com/
Profile updated
About WorkFusion
WorkFusion was founded in 2010 and is headquartered in New York, NY. The company develops software focused on automating labor-intensive compliance and risk operations for financial institutions, using machine learning and, more recently, generative AI-based agents.
The company's core products target anti-money laundering (AML) and know-your-customer (KYC) workflows, including tools for sanctions screening, transaction monitoring alert adjudication, and adverse media screening. Its customer base includes banks and other financial services firms that use its software to reduce manual review workloads in compliance departments. WorkFusion has positioned its offering around pre-trained AI agents intended to be deployed faster than custom-built machine learning models.
WorkFusion has raised venture funding from investors over multiple rounds since its founding, including backers such as Georgian Partners and Greenspring Associates, though it has not disclosed a full funding history in recent years. The company has gone through leadership and product strategy shifts, moving from a broader robotic process automation and workforce automation focus toward a narrower emphasis on financial crime compliance AI.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by WorkFusion
All products by WorkFusion reviewed by our AI panel of experts.
How Our Review Panel Scores WorkFusion
Six independent reviewer personalities assessed WorkFusion's product on their own terms. They disagreed by 1.4 points — The Finance Lead was the hardest to convince, The Decision Maker the most positive.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who WorkFusion competes with, and how they differ.
The market-leading enterprise AML/fraud transaction-monitoring platform for large banks, built as a rules-and-analytics detection engine rather than WorkFusion's AI-agent layer that adjudicates and documents the alerts such engines generate.
Focuses upstream on AML data — sanctions, PEP and adverse-media screening APIs — for banks and fintechs, whereas WorkFusion sits downstream, using AI agents to investigate and adjudicate the alerts screening tools like this generate.
1 product reviewed on TopReviewedAn entity-resolution and network-analytics platform for AML and fraud investigation at large banks, competing on graph-based link analysis, while WorkFusion focuses on AI agents that execute and document Level 1/L2 alert reviews.
Primarily a real-time payments-fraud detection engine for banks and PSPs with AML/transaction-monitoring layered on top, versus WorkFusion's focus on the human-in-the-loop AI-agent investigation and case-adjudication layer.
1 product reviewed on TopReviewed
Focuses on identity verification and KYC onboarding — document and biometric checks at account opening for fintechs and marketplaces — a narrower, earlier stage of the compliance funnel than WorkFusion's ongoing AML transaction monitoring for banks.
1 product reviewed on TopReviewedCompany Timeline
Key milestones in WorkFusion's history, with sources.
- Acquisition
Acquired by UiPath
UiPath acquired WorkFusion, described as a pioneer in AI agents for financial crime compliance, to expand its agentic AI portfolio for financial services; deal terms were not disclosed.
finance.yahoo.com - Funding
Raises $45M led by Georgian
WorkFusion raised $45 million led by Georgian, with participation from Serengeti Asset Management, NGP Capital, Teralys Capital, Hawk Equity and others, to scale its AI agents for AML and sanctions compliance.
news.crunchbase.com - Partnership
Partners with Mphasis on financial crime operations
WorkFusion and IT services firm Mphasis announced a partnership to improve AI-driven financial crime compliance operations for enterprise clients.
techcircle.in - Milestone
Restructures around AI agents for financial crime compliance
WorkFusion restructured its business in 2022 to pivot from general robotic process automation toward AI agents purpose-built for anti-money-laundering and financial-crime compliance.
prnewswire.com - Milestone
Adam Famularo appointed CEO
WorkFusion appointed Adam Famularo as CEO, succeeding Alex Lyashok, who had led the company as President and CEO through its March 2021 Series F.
businesswire.com - Funding
Series F — $220M led by Georgian
WorkFusion raised a $220 million Series F round led by Georgian, bringing cumulative funding to over $340 million, to grow its enterprise robotic process automation platform for regulated industries.
techtarget.com - Funding
Closes add-on funding round
WorkFusion closed an add-on funding round with strategic investors including Guardian, New York-Presbyterian, PNC Bank and Alpha Intelligence Capital, pushing cumulative funding past $120 million.
finovate.com
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