About FortressIQ
FortressIQ is a Technology company based in San Francisco (United States) founded in 2017, and was acquired by Automation Anywhere in December 2021. Digital transformation to manage quantified workforce. FortressIQ has raised $47 million across 4 funding rounds from investors including Automation Anywhere, Lightspeed Venture Partners and M12. The company has 59 employees. Its focus areas include Enterprise Applications, Robotic Process Automation, Cognitive Automation and Multi-Industry. Its legal entity is FORTRESSIQ, INC. Its competitors include HyperScience, Automation Anywhere and Aisera; 3 of its 3 listed competitors have raised funding.
Company details
FortressIQ provides digital transformation to manage a quantified workforce. It allows users to manage virtual process analysts to manage documents and process them with web-based solutions. It enables users to manage meta-learning and data mapping solutions. Other solutions include digital transformation, data security and data governance solutions.
- Headquarters San Francisco, United States
- Employees 59
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website fortressiq.com
- Social LinkedIn X
- Acquired by Automation Anywhere (Dec 2021)
- Legal Name Fortressiq, Inc
- Total Equity Funding$47M (USD)
in 4 rounds
- Latest Funding Round$30M (USD), Series B
May 2020
- InvestorsAutomation Anywhere
& 6 more
- Employee Count59
- Acquired byAutomation Anywhere
(Dec 2021)
Funding Insights of FortressIQ
FortressIQ has successfully raised a total of $47M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in May 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $47M
- Total Rounds 4
- Last Round Series B — $30M
- First Round $4M
(Jun 2017)
- Investors Count 6
All 4 funding rounds of FortressIQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $30M | Series B | – | M12, Tiger Global Management | |
| Dec 2018 | $12M | Series A | – | Lightspeed Venture Partners | – |
| Aug 2017 | $999,999 | Seed | – | – | – |
| Jun 2017 | $4M | Seed | – | – |
7 investors in total: 7 institutional.
Investors in FortressIQ
FortressIQ has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Automation Anywhere, Lightspeed Venture Partners and M12.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology startups are facilitated by M12. | m12.vc | San Francisco, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital firm focused on crypto infra, and SaaS companies | boldstart.vc | Miami, United States | ||
Comcast Ventures is focused on investing in technology startups. | comcastventures.com | San Francisco, United States | ||
US focused seed and early-stage VC firm | eniac.vc | San Francisco, United States | ||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
An AI-based platform for robotic process automation is provided. | 2003 | automationanywhere.com | San Jose, United States |
Investor details for FortressIQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of FortressIQ
578 people are tracked at FortressIQ (174 in leadership, 10 in board & advisors, 394 in team); the tracked headcount is 59.
| Name | Role | Group |
|---|---|---|
Zack Price | Partner Account Manager - East - Strategic Enterprise And New Business | Leadership |
Vikram Khosla | Chief Financial Officer | Leadership |
Dinesh Chandra | Regional Vice President - Middle East & Turkey | Leadership |
Sheeba George | Director Of Engineering | Leadership |
Palak Maheria | Director Of Professional Services | Leadership |
Rushabh Parmani | Co-Founder & EVP, Customer Success & Operations | Leadership |
Jonah Freedman | Director Of Content Strategy & Messaging | Leadership |
Daljeet Singh | Director Sales | Leadership |
Suhani Akhare | Chief Legal Officer | Leadership |
Adeline Koh | Senior Director, Head Of Marketing-asia Pacific, Japan & India | Leadership |
Ken Ross | Director Of Product Management | Leadership |
Michael Herrmann | Vice President: Worldwide Deal Management And Pricing Strategy | Leadership |
Adi Kuruganti | Chief Product Officer | Leadership |
Nancy Hauge | Chief People Experience Officer | Leadership |
Randhir Kalsi | Senior Vice President Customer Success & Professional Services | Leadership |
Nathan Adachi | Vice President Of Strategic Sales | Leadership |
Udit Rawat | Director | Customer Success | Middle East & Africa | Leadership |
Angad Kapoor | Director, Customer Success | Leadership |
Jonathan Vegh | Sales Director | Leadership |
Sumithra Kumar | Vice President Tax & Treasury | Leadership |
558 more people are available in the full profile.
Complete people profiles for FortressIQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of FortressIQ
4 dated milestones of FortressIQ across 4 years, from founding to its latest funding, stage changes and deals.
- Founded FortressIQ is founded.
- Funding First funding round of $4.0M.
- Funding Latest funding round, Series B, of $30.0M.
- Exit Acquired by Automation Anywhere.
Competitors of FortressIQ
FortressIQ has 3 listed competitors in our database, 3 of them funded. They include HyperScience, Automation Anywhere and Aisera.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hyperscience.com | 2013 | New York, United States | $438.88M | 153 | Document processing is automated through AI-based robotic platforms. | |
| automationanywhere.com | 2003 | San Jose, United States | $840M | 735 | An AI-based platform for robotic process automation is provided. | |
| aisera.com | 2017 | Santa Clara, United States | $150M | AI agent platform for enterprise task automation is provided. |
Detailed competitors of FortressIQ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Robotic Automation Systems
3 companies that operate in the same segment as FortressIQ (Robotic Automation Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based low-code platform enables application development and automation. | 1999 | Reston, Virginia, United States | USD 47.5 M | USD 726.94 M | 2,029 | |
Provider of an end-to-end AI agent builder platform | 2012 | San Francisco, California, United States | USD 368.56 M | 682 | ||
An AI-based platform for robotic process automation is provided. | 2003 | San Jose, California, United States | USD 840 M | USD 47.45 M | 2,385 |
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Related news about Fortressiq
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Frequently Asked Questions about FortressIQ
FortressIQ was founded in 2017.
FortressIQ is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
FortressIQ is a funded company, having raised a total of $47M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Jun 2017.
FortressIQ has 59 employees.
FortressIQ provides digital transformation to manage a quantified workforce. It allows users to manage virtual process analysts to manage documents and process them with web-based solutions. It enables users to manage meta-learning and data mapping solutions. Other solutions include digital transformation, data security and data governance solutions.
FortressIQ's top competitors include HyperScience, Automation Anywhere and Aisera.
FortressIQ has 7 investors. Key investors include Automation Anywhere, Lightspeed Venture Partners, M12, Tiger Global, and Boldstart Ventures.
FortressIQ operates through Fortressiq, Inc.
Yes. FortressIQ was acquired by Automation Anywhere in December 2021.