Kryon

Company Overview

Snapshot

Founded in July 2008 by Emma Butin and Oren Keinan, Kryon operates with 51–200 employees. The company raised $71.06M across 5 funding rounds from 6 investors before being acquired by Nintex in February 2022.

Business overview

Kryon specializes in Robotic Process Automation (RPA) solutions, leveraging AI-driven attended and unattended RPA bots to automate business processes. The company's technology includes process discovery capabilities that identify repetitive tasks, map process flows, and generate automation workflows. Kryon serves Fortune 500 companies across various verticals, including financial services and healthcare, aiming to enhance efficiency, reduce costs, and improve customer experience by eliminating manual processes through AI-led automation.

Strategic signal

Kryon was acquired by Nintex in February 2022 for $100 million. This acquisition signifies a strategic consolidation within the workflow automation and RPA market, indicating Nintex's intent to integrate Kryon's advanced process discovery and automation capabilities into its existing offerings. For investors, this highlights the continued value and strategic importance of sophisticated RPA technologies in driving enterprise efficiency and digital transformation.

Company Intelligence Q&A

What was a significant recent corporate development for Kryon?

Kryon was acquired by Nintex in February 2022 for $100 million, leading to its current inactive status.

What was a key product development for Kryon in 2018?

In June 2018, Kryon launched a new AI-based product, expanding its offerings in the robotic process automation space.

How did Kryon support Bank of Jerusalem during the COVID-19 pandemic?

In May 2020, Kryon scaled its RPA solutions at Bank of Jerusalem to help minimize customers' financial hardship amidst the COVID-19 pandemic.