USA – Zeitworks, a Seattle, WA- and and Los Angeles, CA-based provider of a machine learning powered business process improvement platform, came out of stealth mode and raised $4.5m in seed funding.
The round was led by Madrona Venture Group, with participation from JAZZ Venture Partners and Spencer Rascoff, co-founder of Zillow and dot.LA. As part of the financing, Len Jordan, managing director, Madrona Venture Group, joined Zeitworks’ board. The company intends to use the funds to build the engineering and product teams as it refines its product and brings it to market. Co-founded by Ryan Windham, Ben Elowitz, and Mathew Holloway, Zeitworks is developing a SaaS platform that leverages machine learning to discover, analyze, and improve customers’ business processes — without interrupting users or requiring system integrations. all experienced the pain of traditional process improvement projects in their careers. Using proprietary technology being developed by the company, the solution discovers and measures business process execution step-by-step through the paths workers take in the course of ordinary work. It is currently only available to select pilot customers. 11/06/2020
