eFileCabinet offers its Rubex SaaS product, which combines intelligent document automation, encrypted file-sharing, and workflow automation for organizations across multiple industries. The platform is positioned to help customers work more efficiently and compliantly by automating cumbersome processes. Leadership says the company is witnessing rapid growth as customers seek improved operational efficiency, particularly amid remote-work trends. eFileCabinet plans to use new capital to expand commercialization efforts deeper into industries including insurance, healthcare, and human resources. Management also intends to continue developing and refining products to solve real-world customer problems in an evolving world. Founded in 2001 and based in Lehi, Utah, the company frames its offering as one of the more advanced document management systems on the market. eFileCabinet provides on-premise and cloud document management platforms that automate organizing, managing, routing, retaining and sharing of files. The platform serves as a central repository and integrates with Salesforce, Microsoft Office and QuickBooks while supporting compliance requirements such as HIPAA, SEC/FINRA, FERPA, GLB and SOX. The company serves SMBs and enterprises across accounting, financial services, insurance, medical, HR, small government and other verticals and reports more than 153,000 users worldwide. eFileCabinet says its solution increases revenues for paper-heavy industries and reduces compliance workload. The company plans to invest the new funding into sales and marketing and pursue strategic partnership and OEM opportunities. Leadership positions the platform as scalable from SMB to enterprise and highlights strong market traction across multiple verticals.

Total raised

$26M

Funding rounds

2

Latest round

Series C

Latest activity

Sep 2020