UiPath, the agentic automation leader, has acquired WorkFusion, a pioneer in AI agents for financial crime compliance. Terms of the transaction were not disclosed. “Joining UiPath is a moment of validation for the years our team has poured into creating something bold, different, and deeply needed in financial crime compliance, AI agents that automate work and mitigate risk,” remarked Adam Famularo, CEO of WorkFusion. “Now, UiPath gives us the scale to grow faster than we ever could alone, without losing the heart of who we are, our people, our products, and our mission. Together, we’re creating something bigger than any one company: we are modernizing financial crime compliance.”
Joining UiPath is a moment of validation for the years our team has poured into creating something bold, different, and deeply needed in financial crime compliance, AI agents that automate work and mitigate risk. Now, UiPath gives us the scale to grow faster than we ever could alone, without losing the heart of who we are, our people, our products, and our mission. Together, we’re creating something bigger than any one company: we are modernizing financial crime compliance. – Adam Famularo
Founded by Andrew Volkov, Max Yankelevich, and Mikhail Abramchyk in 2009, WorkFusion had raised a total of $386.5M in equity funding and is backed by Greycroft, Inovia Capital, Mohr Davidow Ventures, RTP Global, NGP Capital, Georgian, SVB Capital, PNC Bank, Declaration Partners, Alpha Intelligence Capital, Serengeti Asset Management, Peak Opportunity Partners, Chubb, New York Presbyterian Ventures, Teralys Capital, Hawk Equity, George John, Guardian, Konrad Investments, and Adam Famularo. WorkFusion’s pre-built library of AI agents automates the most labor-intensive aspects of financial crime compliance, including anti-money laundering (AML) and know your customer (KYC) operations. Current customers include BMO, Deutsche Bank, and Raymond James. As part of the acquisition, WorkFusion’s AI agents will be integrated into UiPath’s agentic automation and orchestration platform, allowing financial institutions to automate intricate workflows, analyze complex patterns, and prioritize cases requiring human expertise while maintaining security and governance controls.
The acquisition expands UiPath’s portfolio of agentic AI solutions for the financial services sector and follows the company’s acquisition of Peak, an AI platform for retailers, last spring. “Financial institutions need intelligent solutions to combat sophisticated financial crimes and navigate evolving compliance requirements,” remarked Daniel Dines, CEO of UiPath. “Incorporating WorkFusion’s purpose-built AI agents for financial crime compliance into our platform expands our portfolio of agentic AI solutions for these industries, extending our ability to deliver comprehensive business orchestration and automation solutions to our customers. We’re delivering a powerful set of AI-powered solutions capable of automating and orchestrating critical compliance processes and workflows while working alongside people to deliver impact.”
Financial institutions need intelligent solutions to combat sophisticated financial crimes and navigate evolving compliance requirements. Incorporating WorkFusion’s purpose-built AI agents for financial crime compliance into our platform expands our portfolio of agentic AI solutions for these industries, extending our ability to deliver comprehensive business orchestration and automation solutions to our customers. We’re delivering a powerful set of AI-powered solutions capable of automating and orchestrating critical compliance processes and workflows while working alongside people to deliver impact. – Daniel Dines
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