# Kryon Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kryon-systems

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.kryonsystems.com
- Total disclosed funding: $57M
- Latest round: Series C (Feb 26, 2019)
- Investors on record: 3

## About

Kryon Systems Ltd. specializes in intelligent automation solutions, enabling businesses to optimize workflows through Robotic Process Automation (RPA) technology. Their offerings enhance operational efficiencies across various industries.Kryon Systems Ltd. was founded in 2008 and is headquartered in Tel Aviv-Yafo, Israel. The company focuses on providing RPA solutions, allowing organizations to automate repetitive tasks. In February 2022, Kryon was acquired by Nintex USA, Inc. for approximately USD 100 mn, a move aimed at strengthening Nintex's position in the process automation market. The current CEO is Ricardo Botina.Kryon Systems offers a comprehensive suite of automation solutions centered around its core product, Nintex RPA. This technology enables organizations to automate tasks, enhancing operational efficiency. Its solutions integrate seamlessly into existing software environments, enabling the creation of virtual workforces for various functions such as onboarding, contract management, and customer service, serving clients in government, healthcare, and manufacturing sectors globally.Kryon generates revenue through a subscription-based model, offering clients access to its automation platform via various pricing tiers. Clients typically enter annual contracts that include software licenses and professional services to optimize implementation and training. The revenue is supported by a global partner network that facilitates the integration of Kryon solutions across different markets.Post-acquisition, Nintex plans to leverage Kryon's capabilities to enhance its process automation offerings. This includes a focus on developing new products to be launched in the coming year. The acquisition will also support expansion into new geographic regions, particularly targeting North America, Europe, and Asia-Pacific. The USD 100 mn raised will facilitate these growth initiatives, reinforcing Nintex's strategy to become the Process System of Record for commercial enterprises and government agencies.

## Funding rounds

- Series C, Feb 26, 2019, $40M — Vertex Ventures Israel, Aquiline Capital Partners, Oak HC/FT
- Series B, Dec 14, 2018, $5M — Vertex Ventures Israel, Aquiline Capital Partners
- Series B, Sep 10, 2017, $12M — Vertex Ventures Israel, Aquiline Capital Partners

## Investors

- Vertex Ventures Israel (https://capitalatlas.ai/funds/vertex-ventures-israel) — Series B, Series C
- Aquiline Capital Partners (https://capitalatlas.ai/funds/aquiline-capital-partners) — Series B, Series C
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series C