WorkFusion
By WorkFusion, Inc.
WorkFusion is a global leader in intelligent automation, recognized as a 'Leader' by analysts like Everest Group and Gartner. Headquartered in New York City, the company has spent over a decade refining its AI capabilities to serve the specific needs of highly regulated financial institutions. WorkFusion's mission is to 'change the face of the workforce' by enabling humans and AI agents to work side-by-side. The company distinguishes itself through a domain-centric approach, focusing heavily on Anti-Money Laundering (AML), Sanctions, and KYC compliance. With over 400 employees and a significant presence in Europe and Asia, WorkFusion is a strategic partner for 10 of the top 20 US banks, helping them navigate complex regulatory landscapes with automated precision and reduced operational risk.
WorkFusion was founded in 2010 by Max Yankelevich and Andrew Volkov, emerging from research at the MIT Computer Science and Artificial Intelligence Lab (CSAIL). The original vision was to solve the 'last mile' of data work by combining machine learning with human crowdsourcing—a product then known as CrowdVirtualizer. Yankelevich, with a background in solution architecture and a tenure at Luxoft, and Volkov, an expert in cloud computing and former VP at Freedom OSS, pivoted the company toward enterprise automation. By 2014, they launched Smart Process Automation (SPA), the industry's first platform to unify RPA with AI. This pivot was driven by the realization that Fortune 500 companies were drowning in unstructured document data that traditional RPA could not handle, setting the stage for the company's current focus on AI Digital Workers.
WorkFusion has raised approximately $411 million in total funding across 11 rounds, reflecting strong investor confidence in its AI-first approach. A pivotal milestone was the Series F round in March 2021, which raised $220 million led by Georgian, a growth-stage B2B investor known for its AI-focused lab. Other major participants in WorkFusion’s funding history include NGP Capital, Mohr Davidow Ventures, Greycroft, and Hawk Equity. Most recently, in September 2025, WorkFusion secured an additional $45 million in Series G funding, also led by Georgian, with participation from Serengeti Asset Management. This latest round was intended to accelerate the adoption of 'agentic AI' and expand the company's footprint in the global Financial Crime Compliance (FCC) market, which is valued at over $155 billion.
The WorkFusion product ecosystem is centered around 'AI Digital Workers' and the 'Work.AI' platform. Key offerings include Evelyn (Entity Sanctions & Adverse Media Analyst), Tara (Transaction Screening Analyst), Evan (Adverse Media Monitoring), and the newly released Edward (Enhanced Due Diligence Analyst). These are pre-packaged AI agents that come with built-in machine learning models trained on millions of banking alerts. For organizations wishing to build custom solutions, WorkFusion offers its 'Build-Your-Own' platform featuring No-Code IDP, WorkFusion Studio for advanced developers, and a Control Tower for centralized governance. Additionally, the company provides 'Evelyn LT,' a chat-based, trial-sized version of its adverse media agent designed for quick deployment and immediate ROI for smaller compliance teams.
WorkFusion has expanded its global footprint through strategic partnerships and regional office openings. While headquartered in New York, the company maintains a significant presence in London, Warsaw, and various locations across Asia. A major expansion milestone occurred in 2024 with a strategic partnership with Advanced Financial Solutions (part of the MDS SI Group), aimed at driving AI agent growth across the Middle East (GCC region). This partnership utilizes MDS SI's extensive regional infrastructure and 2,600+ professionals to help Middle Eastern banks leapfrog traditional AML challenges. The company has also localized its go-to-market strategy for the European market, focusing on GDPR compliance and European banking regulations, while maintaining a 'remote-first' operating model that allows it to tap into global talent.
In 2024 and 2025, WorkFusion released several major updates focusing on Generative AI and 'Agentic' capabilities. The 'Gen-3' release of Evelyn and Tara introduced Large Language Models (LLMs) to boost automation rates for adverse media adjudication from 80% to over 95%. A key addition is 'Edward,' an AI agent launched in mid-2025 designed specifically for Enhanced Due Diligence (EDD) and high-risk reviews, which can cut manual effort by up to 60%. Another recent innovation is the 'Evelyn LT' platform, which provides an affordable, chat-style interface for negative news searches, powered by Large Action Models (LAMs). These updates emphasize 'Explainable AI,' where agents now generate comprehensive, written narratives justifying their decisions for easier regulatory auditing.
WorkFusion fosters a culture of innovation and 'human-AI collaboration.' The company transitioned to a remote-first model in 2020, emphasizing flexibility and global talent acquisition. Values include 'Customer Centricity,' evidenced by their in-house industry consultants who previously worked in the compliance departments of the world's largest banks. The work environment is described as fast-paced and mission-driven, with a heavy focus on professional growth through their internal 'Automation Academy.' Diversity and inclusion are also prioritized, with leadership demographics showing a commitment to a diverse management team (as noted in Zippia reports). The company positions itself as a 'RegTech' pioneer, attracting talent passionate about using cutting-edge AI to fight financial crime and stop 'bad actors.'
WorkFusion has built a robust professional community through its 'Automation Academy,' which has trained over 15,000 professionals globally. The Academy offers free and paid certification programs for RPA developers, business analysts, and power users. Beyond training, WorkFusion engages its users through regular webinars (e.g., 'Demystifying AI Agents'), an active customer community portal, and presence at major industry conferences like ACAMS. The company also maintains a 'WorkFusion Network,' a cloud-based hub where anonymized learning from across its user base is aggregated to improve the collective intelligence of all digital workers. This creates a 'network effect' where the community's interactions directly contribute to the product's evolving accuracy.
