Kryon Systems Ltd. is a Tel Aviv-based software company founded in 2008 that develops robotic process automation (RPA) solutions, including RPA-as-a-Service (RPAaaS), process discovery tools, and analytics platforms to automate repetitive tasks for businesses of all sizes.[2][3] It serves enterprises seeking digital transformation, offering products like Kryon Studio for process design, Kryon Robots for execution, and a console for management, with a subscription model including freemium options; the company raised $53 million in funding, achieved $10-50 million in annual revenue, and employed 51-200 people before its acquisition by Nintex in February 2022.[1][2][3][4] Post-acquisition, Kryon's technology integrates into Nintex's intelligent process automation portfolio, enhancing AI-driven agents, document processing, and custom app development for mid-market to enterprise clients, including over 50% of the Fortune 500 via Nintex.[1][3]
Kryon Systems was founded in 2008 in Tel Aviv, Israel, with offices later in New York and San Diego, emerging as a pioneer in full-cycle automation combining RPA, process discovery, and electronic performance support.[2][3][4] The founders leveraged expertise in software automation to address inefficiencies in manual, repetitive business processes, initially focusing on on-the-job training and "GPS-like" guidance for software users before evolving into comprehensive RPA offerings.[4] Early traction came through product innovations like Leo Performance Support and a channel partner program for resellers and integrators; by 2019, it secured a $40 million funding round, fueling growth to $26 million in revenue by 2024, culminating in its strategic acquisition by Nintex in 2022 to bolster process intelligence capabilities.[2][3][4]
Kryon rides the intelligent process automation (IPA) wave, blending RPA with AI for hyperautomation amid digital transformation demands accelerated by remote work and cloud adoption.[1][3] Its 2022 timing aligned perfectly with post-pandemic enterprise pushes for efficiency, as RPA market growth exploded—Nintex's acquisition amplified this by merging Kryon's discovery strengths with established workflow tools serving Fortune 500 clients.[1][3] Market forces like labor shortages and AI advancements favor scalable, low-code solutions; Kryon influences the ecosystem via Nintex's expansions (e.g., Middle East offices, university partnerships) and innovations like Agent Designer, enabling bespoke AI agents and fostering cross-sell opportunities in process optimization.[1]
Kryon, now powering Nintex, will deepen AI integration, with trends like agentic AI and multimodal automation shaping its path toward fully autonomous enterprise workflows. Expect expanded global reach, more bespoke apps via Nintex Apps, and leadership in IPA as revenues scale beyond $50M amid rising demand. This positions it to redefine business productivity, evolving from RPA specialist to cornerstone of intelligent operations—tying back to its roots in simplifying the complex world of enterprise software.
Kryon has raised $67.0M in total across 3 funding rounds.
Kryon's investors include OurCrowd, Scale Venture Partners, Webtalk Ltd, Alex Kayyal, Canaan Partners Israel, CapitalG, Oak HC/FT, TCV, Vertex Ventures, Vine Ventures LP, Viola Ventures.
Kryon has raised $67.0M across 3 funding rounds. Most recently, it raised $15.0M Series D in April 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2021 | $15.0M Series D | OurCrowd, Scale Venture Partners, Webtalk Ltd, Alex Kayyal | |
| Feb 1, 2019 | $40.0M Series C | Canaan Partners Israel, CapitalG, Oak HC/FT, OurCrowd, Scale Venture Partners, TCV, Vertex Ventures, Vine Ventures LP, Viola Ventures, Webtalk Ltd, Alex Kayyal | |
| Oct 1, 2017 | $12.0M Series B | Canaan Partners Israel, TCV, Vertex Ventures, Viola Ventures |
