FlowEQ Analysis: $4M Raised
What is FlowEQ?
FlowEQ is a no-code process acceleration platform that embeds inside existing systems and automates recurring work. It combines Smart Flows, pre-built connectors, accelerators, and workflow analysis to handle steps that still require human judgment. The company says its platform has executed more than 50 million intelligent actions annually and is used by teams worldwide.
Location
2261 Market St, San Francisco, California 94114, US
Employees
11-50
Founded
2017
Revenue
$0-5M
Product Features & Capabilities
- Workflow automation platform, no-code solution, embeds within existing systems, automates steps behind the scenes, streamlines judgment-based processes, pre-built connectors to 100+ business applications, Smart Flows, accelerators for automation, customer service automation, quality tracking, member services automation, lease servicing automation.
Pricing
- Starter Edition: $37/user/month, up to 10 users, includes basic features.
- Team Edition: $67/user/month, up to 50 users, includes additional integrations.
- Enterprise Edition: Contact Sales for pricing, unlimited users, includes all features.
How much FlowEQ raised
Seed - $3,895,000
September 17, 2021Lead Investor: Greycroft and 3 other investors
Business Model
Per-user and usage-based pricing model to save costs as you scale.
Investors
- Greycroft
- Streamlined Ventures
- Y Combinator
- Roble Ventures
- Tri-Valley Ventures
Competitors Overview
FlowEQ operates in the no-code workflow automation market and faces competition from several notable platforms. Here are the main competitors along with their differences and advantages:
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ServiceNow Now Platform: This platform is known for its digital workflow building and extension tools, offering low-code/no-code capabilities suitable for enterprises looking to automate complex workflows. Its extensive integration with enterprise systems is a significant advantage.
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Microsoft Power Automate: It provides extensive integration capabilities with Microsoft products and other applications, allowing users to automate workflows across various services. Its strong ecosystem makes it a preferred choice for organizations already using Microsoft tools.
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Creatio: This platform offers a no-code solution for automating industry workflows and CRM, emphasizing flexibility and ease of use. Its focus on customer relationship management sets it apart in the market.
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CMW Platform: Formerly known as Comindware, it focuses on business process management with a user-friendly drag-and-drop interface, making it accessible for users without technical expertise.
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Zapier: Aimed at small to mid-sized businesses, Zapier specializes in integrating data between web applications. It offers a functional but limited free version, making it attractive for startups and smaller teams.
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Pipefy: An AI-enhanced business process management platform that allows users to build and manage workflows without technical knowledge. Its integration capabilities with over 300 apps help minimize complexity.
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DocuPhase: Known for its intelligent automation solutions, particularly in finance, it focuses on maximizing efficiency in back-office operations, which can be a significant advantage for finance-related workflows.
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ActiveBatch Workload Automation: This tool simplifies automation setup with a low-code interface and offers extensive monitoring and alerting features, crucial for businesses managing high-volume workloads.
Each competitor has unique features that cater to different business needs, such as enhanced automation capabilities, integration options, or specific industry focus.
Market Focus
FlowEQ primarily focuses on the workflow automation industry, providing a no-code platform that integrates with existing systems to enhance productivity across various business sectors.
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