Zeitworks Hires New CEO, Raises Additional Funding to Democratize Business Process Improvement Through Machine Learning | Business


SEATTLE – (BUSINESS WIRE) – July 7, 2021–

Today, Zeitworks announced that Jay Bartot will assume the role of CEO and lead the company through its next stage of technology and product development. Co-founder and former CEO Ryan Windham will remain active as a member of the board of directors and assist the company in its strategic endeavors. To accelerate the company’s momentum, JAZZ Ventures and Madrona Venture Group will invest an additional $ 2 million in the business. The additional funding, led by JAZZ Ventures, will support the next phase of product and technology development as well as customer and go-to-market initiatives currently underway.

Seattle-based Zeitworks was founded by seasoned machine learning application developers and entrepreneurs and leading investors with extensive experience supporting intelligent automation companies. Zeitworks’ mission is to make work more efficient and rewarding for organizations by democratizing access to methodologies for measuring and improving processes. Historically, it was difficult to gain insight into the effectiveness of processes without engaging in manual, costly and time-consuming consulting. Working with selected pilot customers, Zeitworks is developing a SaaS platform that leverages machine learning technologies to discover, analyze, improve and ultimately automate customer business processes, without disrupting users or requiring complex backend system integrations. and time consuming.

“The demand for transparency on the efficiency of business processes in the enterprise continues to grow,” said CEO Jay Bartot. “The key to improving efficiency starts with providing insight into the performance of business process teams and workers. Through our innovative solution of products and technologies, we can provide this transparency, not only by exposing bottlenecks, but also by making concrete recommendations for improvement. “

The ability to passively measure a worker’s performance is a very complex and difficult problem. Using proprietary technology developed by the company, Zeitworks automatically discovers and measures the execution of business processes as users do their work by browsing multiple desktop applications, browsers, and back-end systems. By leveraging large-scale cloud data processing technologies, the solution learns from huge amounts of human behavior data it collects to find insights and improvements – without disrupting users or IT staff and without saving countless hours of consultancy work and workshop sessions.

“We are very optimistic about the impact AI and machine learning will have on transforming and unlocking productivity in the modern enterprise,” commented John Lee, partner of JAZZ Ventures. “We are more excited than ever for the huge opportunity at Zeitworks. Jay’s extensive experience in creating innovative data and machine learning-driven products places him in a unique position to lead the business through the next stage of product and technology development. Lee will take a seat on the board of directors as part of the additional funding.

The team incubated Zeitworks at Madrona Venture Labs (MVL) in 2019, led by Jay and Zeitworks, board member and co-founder, Ben Elowitz. Jay will be leaving his position as CTO at MVL to become CEO of Zeitworks and will remain an MVL advisor. “We are very excited for Jay,” said Mike Fridgen, Managing Director of Madrona Venture Labs. “The unique DNA of our team is that we are entrepreneurs and operators. And we’re with our founders and companies from day one, for the long haul. Jay has always had a strong affinity for Zeitworks’ mission and the opportunities for profound technological breakthroughs that are being developed. We look forward to supporting Jay and Zeitworks in the next chapter of the business. “

For more information, please visit www.zeitworks.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210707005231/en/

CONTACT: Erika Shaffer

(206) 972-5514

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT OTHER PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGIES HUMAN RESOURCES SOFTWARE

SOURCE: Zeitworks

Copyright Business Wire 2021.

PUB: 07/07/2021 11:30 a.m. / DISC: 07/07/2021 11:31 a.m.

http://www.businesswire.com/news/home/20210707005231/en

Copyright Business Wire 2021.


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