# Tonkean

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tonkean

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.tonkean.com
- Total disclosed funding: $82M
- Latest round: Series B (Jun 5, 2021)
- Investors on record: 6

## About

Tonkean Inc. is a US-based company specializing in AI-powered enterprise intake and process orchestration, providing solutions that automate complex workflows and enhance operational efficiency across various sectors.Founded in 2015 and headquartered in San Francisco, US, Tonkean Inc. operates in the realm of workflow automation. The company raised USD 51.25 mn in Series B funding on June 5, 2021, led by Accel with participation from Skip Capital, Foundation Capital, and Lightspeed Venture Partners. The current valuation of the company stands at USD 269.37 mn. The founders, Offir Talmor and Sagi Eliyahu, have previously contributed to the tech landscape with their entrepreneurial ventures.Tonkean specializes in AI-Powered Enterprise Intake & Process Orchestration, offering a suite of solutions designed to streamline and automate complex workflows within organizations. Their core offerings include intelligent orchestration of procurement, legal, and finance processes, enabling enterprises to enhance operational efficiency and compliance. The platform utilizes AI agents to manage tasks such as purchase order creation, supplier analysis, contract drafting, and invoice processing, all while adhering to governance frameworks. Tonkean serves a diverse clientele, including large enterprises across various sectors, such as technology and finance, and has established a presence in markets such as North America, Europe, and Asia-Pacific. The company's solutions are tailored to facilitate frictionless intake experiences for shared-services teams, ensuring that users can navigate processes efficiently and effectively.Tonkean’s revenue model is primarily based on subscriptions, providing clients with access to its orchestration platform on a recurring basis. Businesses engage with Tonkean through a structured transaction model that typically involves annual or monthly subscription fees, which may vary based on the scale and customization of services required. The platform supports various pricing plans that reflect the complexity of the workflows and the number of users involved. By offering tailored solutions, Tonkean enables clients to optimize their operational processes effectively. The flagship services, such as the AI Front Door and Agentic Orchestration, are central to Tonkean's offerings, allowing enterprises to automate routine tasks and enhance overall productivity.Following the successful Series B funding of USD 51.25 mn in June 2021, Tonkean plans to utilize these resources to expand its workflow automation platform. The company aims to enhance its product offerings by designing upcoming new solutions that cater to the growing demands of its clientele. Additionally, Tonkean is focusing on expanding its reach into new geographic regions, specifically targeting markets in North America, Europe, and Asia-Pacific. This growth strategy includes the development of solutions that facilitate automation in various operational areas, ensuring that enterprises can adapt to the evolving landscape.

## Funding rounds

- Series B, Jun 5, 2021, $51M — Accel, Lightspeed Venture Partners, Foundation Capital, Skip Capital
- Series A, Apr 8, 2020, $24M — Lightspeed Venture Partners, Foundation Capital, Magma Venture Partners, Slow
- Seed, Oct 23, 2019, $7.2M — Foundation Capital, Magma Venture Partners, Slow
- Seed, Jul 24, 2015 — Slow

## Investors

- Slow (https://capitalatlas.ai/funds/slow) — Seed, Series A
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed, Series A, Series B
- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Seed, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series B
- Skip Capital (https://capitalatlas.ai/funds/skip-capital) — Series B