Tonkean Overview
Tonkean provides a no-code, enterprise-grade process orchestration platform designed to transform operations teams from facilitators into makers. By abstracting the technical knowledge required to automate, monitor, and manage mission-critical business processes while still maintaining compliance and security, Tonkean enables enterprises to accelerate operational velocity at scale. The delivery of no-code solutions at scale requires a bridge between business and IT to drive business agility while still ensuring compliance and security. With Tonkean, business operations teams can compose their own business logic using reusable building blocks, or enterprise components. These components are pre-approved and controlled by IT, enabling key capabilities such as interacting with existing systems, coordinating with people, and leveraging advanced technologies (e.g. NLP and OCR). Tonkean helps enterprises optimize and align their operations across functions, including sales, marketing, customer support, legal, finance, and more. In addition, it allows operations teams to safely create solutions that work on top of their current tools and align with the way people actually like to work.
Cumulative Funding Raised Over Time ($)
$24.0MApr 2020
$74.0MJun 2021
$81.2MOct 2019
Latest News
growth-negative
קיצוצים בהיי-טק: הסטארט-אפ הישראלי טונקין מפטר רבע מעובדיו
Tonkean, a start-up company, has recently laid off 23% of its workforce, which amounts to 23 employees. The company employed a total of 100 workers, with 49 in Israel. The layoffs affected 11 employees in Israel and 12 in the United States. The CEO and founder of Tonkean expressed that the economic climate has been challenging for everyone.
Layoffs
growth-positive
Tonkean raises $50M Series B to accelerate is no-code business automation service
Tonkean, a business operation automation startup, has closed a $50 million Series B funding round led by Accel. The companys valuation increased by around 4x in this funding round. Tonkeans software allows companies to set up automated business logic across applications, including human-in-the-loop elements. It employs no-code tools to empower non-technical teams and reduce reliance on engineering groups. The funding will be used to hire more employees and accelerate the companys growth. Tonkean plans to expand rapidly in the market of business process automation.
InvestmentExpand
growth-positive
Tonkean Recognized as a Representative Vendor in Gartner's Market Guide for iBPMS
Tonkean has been named as a representative vendor in the Gartner Market Guide for Intelligent Business Process Management Suites report. Tonkeans Adaptive Business Operations Platform was recognized as one of the solutions in the report. The recognition highlights the need for more business enablement, flexibility, and agility across enterprises. Tonkeans platform empowers business operations teams to orchestrate complex business processes with no code. It is used by teams worldwide to optimize and align operations across various functions. Tonkean aims to bridge the gap between business and IT and drive end-to-end business velocity for large enterprises.
PartnersCustomers
growth-positive
Tonkean raises $24 million to automate enterprise workflows
Tonkean, a software startup, has secured $24 million in venture capital to expand its global reach and support future product launches. The company offers a cloud platform for workflow automation, allowing businesses to tailor workflows without extensive customizations. Tonkean already has notable customers such as Salesforce, Microsoft, and Lyft. The global workflow automation market is expected to grow by at least $19 billion in the next five years. Lightspeed Venture Partners led the funding round, bringing Tonkeans total raised to $31.2 million. The company plans to significantly grow its team and operations after a period of profitability and portfolio expansion.
InvestmentExpand
growth-positive
Tonkean loops humans into no-code, last-mile RPA with a $7.2 million seed round
Tonkean, a company that offers a no-code RPA service, has announced a fresh $7.2 million seed round. The company aims to reduce human toil and increase efficiency by addressing the small and specific inefficiencies that slow down knowledge workers. Tonkeans approach involves using operation bots that automate repetitive tasks and offer proactive assistance. The company creates connections between various applications and adds functionality to them, making it easy to set up and use. Tonkean leverages NLP, machine learning, and anomaly detection to improve its system based on user behavior. The company has a range of customers, including Salesforce and Microsoft. The funding round was led by Foundation Capital and included Magma Venture Partners and Slow Ventures.
Investment
| Sector | Business Software |
Funding
| Total funding | $81.2M |
| Last funding | $50M |
| Stage | B |
| Rounds | 3 |
| Investors | 6 |
Team Members
2
Employees: 51-200
Web & Social Links
| Website | www.tonkean.com |
| Careers | Careers page |
Locations
Yehuda ha-Levi St 48, Tel Aviv-Yafo, Israel
Andrei Sakharov St 9, Haifa, 3508415, Israel
735 Emerson St, Palo Alto, CA 94301, USA
Photos & Videos
2 item(s)
Tonkean Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Business SoftwareIT, R&D & Data SolutionsSoftware Development ToolsProduct Development ToolsTarget Customer
Enterprise & Professional ServicesEnterprisesCore Technology
Artificial IntelligenceTags (7)
decision-makingworkflowenterprise-solutionsenterprisesautomationsaasenterprise-softwareTonkean Financials
$81.2M
Total funding
Undisclosed
Capital raised
$50M
Last funding
B
Funding stage
3
Total rounds
6
Investors
Cumulative Funding Raised Over Time ($)
$24.0MApr 2020
$74.0MJun 2021
$81.2MOct 2019
Private Equity Funding
B Round
Jun 2021
$50M
Accel (Lead)
,
Lightspeed Venture Partners
A Round
Apr 2020
$24M
Lightspeed Venture Partners (Lead)
Seed
Oct 2019
$7.2M
Magma Venture Partners, Kevin Mahaffey, Slow Ventures, Foundation Capital
Tonkean Lifecycle
Cumulative Funding Raised Over Time
$24.0MApr 2020
$74.0MJun 2021
$81.2MOct 2019
All Events
B Round
Jun 2021
$50M
Accel (Lead)
,
Lightspeed Venture Partners
A Round
Apr 2020
$24M
Lightspeed Venture Partners (Lead)
Seed
Oct 2019
$7.2M
Magma Venture Partners, Kevin Mahaffey, Slow Ventures, Foundation Capital
Tonkean News
6 articles
growth-negative
קיצוצים בהיי-טק: הסטארט-אפ הישראלי טונקין מפטר רבע מעובדיו
Tonkean, a start-up company, has recently laid off 23% of its workforce, which amounts to 23 employees. The company employed a total of 100 workers, with 49 in Israel. The layoffs affected 11 employees in Israel and 12 in the United States. The CEO and founder of Tonkean expressed that the economic climate has been challenging for everyone.
Layoffs
growth-positive
Tonkean raises $50M Series B to accelerate is no-code business automation service
Tonkean, a business operation automation startup, has closed a $50 million Series B funding round led by Accel. The companys valuation increased by around 4x in this funding round. Tonkeans software allows companies to set up automated business logic across applications, including human-in-the-loop elements. It employs no-code tools to empower non-technical teams and reduce reliance on engineering groups. The funding will be used to hire more employees and accelerate the companys growth. Tonkean plans to expand rapidly in the market of business process automation.
InvestmentExpand
growth-positive
Tonkean Recognized as a Representative Vendor in Gartner's Market Guide for iBPMS
Tonkean has been named as a representative vendor in the Gartner Market Guide for Intelligent Business Process Management Suites report. Tonkeans Adaptive Business Operations Platform was recognized as one of the solutions in the report. The recognition highlights the need for more business enablement, flexibility, and agility across enterprises. Tonkeans platform empowers business operations teams to orchestrate complex business processes with no code. It is used by teams worldwide to optimize and align operations across various functions. Tonkean aims to bridge the gap between business and IT and drive end-to-end business velocity for large enterprises.
PartnersCustomers
growth-positive
Tonkean raises $24 million to automate enterprise workflows
Tonkean, a software startup, has secured $24 million in venture capital to expand its global reach and support future product launches. The company offers a cloud platform for workflow automation, allowing businesses to tailor workflows without extensive customizations. Tonkean already has notable customers such as Salesforce, Microsoft, and Lyft. The global workflow automation market is expected to grow by at least $19 billion in the next five years. Lightspeed Venture Partners led the funding round, bringing Tonkeans total raised to $31.2 million. The company plans to significantly grow its team and operations after a period of profitability and portfolio expansion.
InvestmentExpand
growth-positive
Tonkean loops humans into no-code, last-mile RPA with a $7.2 million seed round
Tonkean, a company that offers a no-code RPA service, has announced a fresh $7.2 million seed round. The company aims to reduce human toil and increase efficiency by addressing the small and specific inefficiencies that slow down knowledge workers. Tonkeans approach involves using operation bots that automate repetitive tasks and offer proactive assistance. The company creates connections between various applications and adds functionality to them, making it easy to set up and use. Tonkean leverages NLP, machine learning, and anomaly detection to improve its system based on user behavior. The company has a range of customers, including Salesforce and Microsoft. The funding round was led by Foundation Capital and included Magma Venture Partners and Slow Ventures.
Investment
growth-positive
How to best roll out AI products into the workplace: Interview (Includes interview)
A recent study from Deloitte on the growth of artificial intelligence for businesses found that integrating cognitive projects with existing processes and systems is the biggest challenge. Tonkean, a company focused on devising unobtrusive and helpful AI solutions, aims to address this challenge by designing machine-learning assistants that integrate into projects and checks on statuses and figures. The CEO of Tonkean, Sagi Eliyahu, discusses the importance of AI for business, its potential to transform operations, and the challenges and improvements in using AI. He also mentions the impact of AI on customer service and the changing role of managers with the advent of AI.
CustomersPartners
Tonkean Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 81 |
| Team members | 2 |
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Tonkean Internal
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Admin Info
| Confidence | 105/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515301000 |
| Crunchbase | tonkean |
| Creator | Sharon Blatt |
| Creator email | dodasher1436@gmail.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2022-08-25T00:00:00.000Z |
| Created | 2015-06-22T00:00:00.000Z |