Kryon

Company Overview

Snapshot

Founded in July 2008 by Emma Butin and Oren Keinan, Kryon operated with 51–200 employees. The company raised a total of $71.06M across 5 funding rounds from 6 investors. In February 2022, Kryon was acquired by Nintex for approximately $100 million.

Business overview

Kryon is a Business Software company specializing in Robotic Process Automation (RPA) and automated process discovery. The company's core technology leverages AI-driven attended and unattended RPA bots to identify repetitive work processes, visually map process variants, evaluate automation suitability, and generate workflows. Kryon serves various industries, including financial services (banks, insurance), communication services, enterprise and professional services (call centers, enterprises), travel and tourism (hospitality, hotels), and healthcare and life sciences (pharmaceuticals, healthcare providers). Its offerings aim to optimize business operations, enhance customer experience, and deliver significant ROI by eliminating manual processes through AI-led automation.

Strategic signal

In February 2022, Kryon was acquired by Nintex for approximately $100 million. This acquisition highlights the increasing consolidation within the Robotic Process Automation market and validates Kryon's pioneering position in automated process discovery. For investors, this signals a successful exit for a company with strong AI-driven automation capabilities, demonstrating the value of specialized RPA solutions in enhancing operational efficiency for large enterprises.

Company Intelligence Q&A

What was the most significant corporate event for Kryon?

In February 2022, Kryon was acquired by Nintex for approximately $100 million. This acquisition integrated Kryon's process discovery and robotic process automation technology into Nintex's offerings.

Which investors participated in Kryon's April 2021 funding round?

In April 2021, Kryon received funding from Vertex Ventures Israel, Oak HC/FT, and OurCrowd.

What was a key customer collaboration for Kryon in March 2020?

In March 2020, Kryon developed an automated system for Maccabi Healthcare Services to process and share coronavirus patient data with Israel’s Ministry of Health, indicating potential expansion into new sectors.

What was the outcome of the Forrester Consulting study on Kryon's automation suite?

In June 2020, a Forrester Consulting study revealed that Kryon's Full-Cycle Automation Suite generated a 352% ROI over three years, with a $2.9 million investment yielding $10 million in benefits. This study highlighted the financial impact and value of Kryon's solutions for customers like Wyndham Hotels & Resorts and Long Term Care Group.

What was a notable achievement for Kryon in January 2019?

In January 2019, Kryon became the first company in the Robotic Process Automation sector to achieve ISO/IEC 27001:2013 Certification for information security, demonstrating its commitment to protecting customer data.