Zeitworks, a SaaS platform that leverages machine learning to discover, analyze, and improve customers’ business processes, came out of stealth mode and announced a $4.5 million Seed funding round, led by Madrona Venture Group.
As part of the financing, Len Jordan, managing director at Madrona Venture Group, joins Zeitworks’ board.
JAZZ Venture Partners and Spencer Rascoff, co-founder of Zillow and dot.LA also joined the round, which will provide funding to build the engineering and product teams as Zeitworks refines its product and brings it to market.
Using proprietary technology being developed by the company, Zeitworks discovers and measures business process execution step-by-step through the paths workers take in the course of ordinary work. With cloud-based data processing and machine learning, the solution learns from human behavior to find insights and improvements – without disrupting users or IT staff and saving countless hours of analyst observations and workshop sessions.
“The current method of business process improvement is ripe for disruption,” said Ben Elowitz, executive board member of Zeitworks. “It interrupts workflow, is expensive in terms of dollars and time and doesn’t empower employees to be part of the process. Zeitworks changes the game to use real-world data to find improvements for leaders and teams.”
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