Clients use the company’s platform, which relies on both bots and human workers, to automate processes like software-testing, telemarketing and invoicing. The financing includes a Series A round led by OMERS Ventures and White Star Capital, seed funding from Desjardins Capital and Real Ventures, and debt from Silicon Valley Bank. (The Logic)
Skip to content
Clients use the company’s platform, which relies on both bots and human workers, to automate processes like software-testing, telemarketing and invoicing. The financing includes a Series A round led by OMERS Ventures and White Star Capital, seed funding from Desjardins Capital and Real Ventures, and debt from Silicon Valley Bank. (The Logic)
Talking point: Wrk CEO Mohannad El-Barachi previously started customer-analytics platform SweetIQ and sold it to the U.S. media conglomerate Gannett. Demand for the robotic process automation it offers rose during the pandemic, with providers bringing in US$1.58 billion in revenue in 2020, according to research firm Gartner. But Forrester projected that new entrants could end up fighting for incumbents’ market share this year. For tasks that require human intervention, Wrk offers tasks out to freelance workers, at algorithmically priced rates; it charges them a fee per job. The firm said it plans to grow its own in-house workforce, which is now more than 50 employees.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
ApplyBoard was the worst-performing Canadian startup in Fidelity’s portfolio in 2026
Briefing
Defence Investment Agency to be a Crown corporation so it can get deeper into Canada’s military industry
Mark Carney says he’ll work with Quebec separatist premier-to-be on housing, infrastructure, big projects
Mistral claims its new AI model closes the gap with leading Chinese developers
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
