Workist is a Berlin-based deep-tech startup that applies deep-learning technology to automate and speed error-prone B2B document processing. Its flagship product, WorKI, processes unstructured data from PDFs, Excel spreadsheets, e-mails and faxes and integrates with ERP and CRM systems. The platform targets corporate sales teams and aims to reduce errors in transaction processes. Co-founded by Tim Wegner, Alexander Müller, and Fabian Brosig, Workist was founded in 2019 and currently serves over 50 customers including Pepsico and Deutsche Bahn. The company raised €9M in a Series A round and intends to use the proceeds to accelerate growth and expand operations and development efforts. Investors in the round include Earlybird Venture Capital, 468 Capital, LEA Partners and another.vc. Workist’s flagship product, WorKI, is an AI-powered intelligent document processing tool that extracts and transforms unstructured documents and sends data into customers’ ERP systems through easy integrations. The company aims to develop a global AI business connectivity layer to streamline B2B transactions across formats and languages. Workist reports strong commercial traction: it processes roughly $70 million of purchase order volume every month, monthly recurring revenue has grown 1100% since December 2020, and its customer base is up 7x. WorKI incorporates human-in-the-loop assistance and learning rates that regularly beat customer expectations, allowing it to handle errors and notify sales teams of ordering issues. The product is positioned to replace legacy technologies like EDI and reduce manual data entry, errors, and time-to-customer delivery. Workist was founded in 2019 by Tim Wegner and Alexander Müller and is based in Berlin.

Total raised

$9M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2022