Skael
A No-Code Digital Workforce Platform that helps companies of all sizes automate across disparate applications, data sources, and documents while engaging users where they are.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $38.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 300 % | 105 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Skael operates in the hyperautomation market, providing a platform for creating and deploying AI-powered "Digital Employees" designed to automate repetitive business tasks. Founded in 2016 by Baba Nadimpalli, who served as CEO until July 2022, the San Francisco-based company aimed to streamline workflows across departments like sales, HR, finance, and IT. The company's business model was software-as-a-service (SaaS), generating revenue through implementation fees for building these digital workers and recurring subscription fees for their ongoing use. Clients included notable organizations such as Google, the San Diego Housing Commission, and various banks.
The core product is a low-code platform that allows users to build and deploy these digital assistants without extensive technical expertise. It features a drag-and-drop interface for defining automation workflows and a conversational AI engine that enables human employees to interact with the digital workers using natural language commands via text, email, or voice. The platform integrates with major software programs to perform tasks like updating CRM records, answering customer support queries, and managing data entry. A key benefit highlighted by the company was the significant reduction in deployment time, claiming weeks instead of the months typically required for enterprise application setups.
Skael secured a $4 million seed round in October 2020, led by Bonfire Ventures. This was followed by a substantial $38 million Series A round in February 2022, led by RTP Global, with participation from Dell Technologies Capital and Bonfire Ventures. However, in June 2024, the founder, Baba Nadimpalli, pleaded guilty to securities and wire fraud for misleading investors about the company's revenue and sales figures between January 2020 and February 2022 to secure funding. Following these events, the company became inactive and is considered deadpooled.
Keywords: Digital Employees, hyperautomation, robotic process automation, conversational AI, low-code platform, workflow automation, business process automation, SaaS, AI assistants, enterprise software, task automation, digital workforce, sales automation, finance automation, HR automation, IT automation, process optimization, Baba Nadimpalli, RTP Global, Bonfire Ventures