Deal: $11.1 million
Investors: The round was led by NEA. Other investors include Boldstart Ventures, Pritzker Group, Hyde Park Angels, Hyde Park Venture Partners, Sam Yagan’s fund Corazon, Lightbank, and Chicago Ventures.
What they do: Catalytic, a SaaS startup that helps companies automate business processes across workflows and teams, has raised $11.1 million in equity funding, according to an SEC filing. Catalytic’s product Pushbot is a chatbot for businesses that can “take your operations to a new level” by helping “build, run, and improve your processes.”
“We’re on a mission to elevate team operations,” the company says in its AngelList page. “We are building Pushbot, a platform for business processes. We believe that the time has come to set aside misfit, clunky, and legacy solutions. It’s time to embrace the modern era of cloud computing, conversational UI, bots, mobility, machine learning, and beautifully-designed, user-centric interfaces.”
Other details: Catalytic was founded in 2015 by Sean Chou and Ravi Singh. Chou was the former CTO and employee No. 2 at Fieldglass, which sold to SAP for more than $1 billion in 2014. Singh was previously the vice president of mobile engineering at MarkITx, the director of mobile engineering at Spring, and the technical co-founder of Brunch app.
With an experienced team and a new round of funding, Catalytic will be a startup to watch in Chicago. We’ll be updating this post as we get more information about the funding round.
Originally Published on Chicago Inno by Jim Dalke.Read Original Article