About Wrk
Wrk is a company based in Montreal (Canada) founded in 2019 by Mohannad El Barachi and David Li.. Wrk has raised $33.42 million across 3 funding rounds from investors including SVB, Desjardins and Michael Litt. Wrk offers products and services including RPA, OCR, API Connectors, and AI Bots. Wrk operates in a competitive market with competitors including Cint, Earnest Analytics, Suzy, Numerator and Ai Palette, among others.
- Headquarter Montreal, Canada
- Founders Mohannad El Barachi, David Li
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Wrk Technologies Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.42 M (USD)
in 3 rounds
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Latest Funding Round
$23.61 M (USD), Series A
Feb 02, 2022
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Investors
SVB
& 10 more
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Employee Count
Employee Count
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Products & Services of Wrk
Wrk offers a comprehensive portfolio of products and services, including RPA, OCR, API Connectors, and AI Bots. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for automating repetitive tasks with human oversight.
Technology for extracting data from documents efficiently.
Seamless connections for applications like Salesforce and Slack.
AI integration for decision-making in workflows.
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Product Management Team
4 people
Leadership Team
2 people
Operations Team
2 people
CPO Team
1 people
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Funding Insights of Wrk
Wrk has successfully raised a total of $33.42M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $23.61 million completed in February 2022. 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 Total Funding
- Total Rounds 3
- Last Round Series A — $23.6M
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First Round
First Round
(01 Jun 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series A - Wrk | Valuation | White Star Capital | |
| Feb, 2022 | Amount | Debt – Conventional - Wrk | Valuation |
investors |
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| Jun, 2020 | Amount | Seed - Wrk | Valuation | Real Ventures , Desjardins |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wrk
Wrk has secured backing from 11 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include SVB, Desjardins and Michael Litt. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A global technology investment platform operating in multiple cities with a focus on venture and digital asset funds.
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Founded Year | Domain | Location | |
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Early-stage technology-driven companies are targeted for venture capital investments.
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Founded Year | Domain | Location | |
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Limited information is provided about Formentera Capital's activities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wrk
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wrk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wrk Comparisons
Competitors of Wrk
Wrk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cint, Earnest Analytics, Suzy, Numerator and Ai Palette, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Market research platform linking buyers and suppliers of online samples.
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| domain | founded_year | HQ Location |
Consumer intelligence data is analyzed via an online research platform.
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| domain | founded_year | HQ Location |
Customer targeting and feedback management platform is utilized for insights.
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| domain | founded_year | HQ Location |
Consumer purchasing behavior is analyzed via market research and insights.
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| domain | founded_year | HQ Location |
AI-powered consumer insights for CPG product development are provided.
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| domain | founded_year | HQ Location |
Consumer insights are generated through AI-driven visual research tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Wrk
When was Wrk founded?
Wrk was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Wrk located?
Wrk is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Who is the current CEO of Wrk?
Mohannad El Barachi is the current CEO of Wrk. They have also founded this company.
Is Wrk a funded company?
Wrk is a funded company, having raised a total of $33.42M across 3 funding rounds to date. The company's 1st funding round was a Seed of $9.81M, raised on Jun 01, 2020.
What does Wrk do?
Wrk was founded in 2019 and is based in Montreal, Canada, operating in the AI-driven automation sector. Fully automated workflows are built using robotic process automation, optical character recognition, and API connectors for application integration. A low-code designer is provided for workflow creation, with human-in-the-loop features for exception handling. Pricing options include one-time builds or pay-per-use credits, alongside fully managed services for minimal client involvement.
Who are the top competitors of Wrk?
Wrk's top competitors include Earnest Analytics, Cint and Ai Palette.
What products or services does Wrk offer?
Wrk offers RPA, OCR, API Connectors, and AI Bots.
Who are Wrk's investors?
Wrk has 11 investors. Key investors include SVB, Desjardins, Michael Litt, Charlie Songhurst, and Mark MacLeod.