Qurrent, the startup building AI systems that take over back-office operations end to end, has raised $15 million in a Series A round led by Cervin Ventures, with Streamlined Ventures also participating.
The company positions itself differently from AI assistants and copilots, which typically help human workers complete individual tasks, by taking full ownership of repeatable processes where written procedures already exist, such as invoice collection, vendor payments and supply chain reconciliation.
Qurrent says it backs that claim with performance guarantees written into customer contracts.
The company says its software has executed more than 6 million operational tasks across clients in finance, supply chain, legal and property management.
Customer examples cited by Qurrent include an advertising technology platform that now processes more than $100 million in monthly partner payments in under 30 minutes, a process that previously took 25 days.
A law firm eliminated its manual invoice collection process entirely, while a property investment firm saved more than 18,000 working hours and cut costs by more than $800,000 in a single year.
Colin Wiel, co-founder and chief executive, said the choice of lead investor was deliberate.
"We chose Cervin Ventures because they share our vision for how AI will evolve the nature of work, not with narrow point solutions, but with digital workers custom-built to tackle complex operations," Wiel said.
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The funding will be used to accelerate enterprise expansion and develop the platform further.
Qurrent is based in San Francisco and has not disclosed its valuation.
The recap
- Raised $15 million Series A led by Cervin Ventures.
- Executed over 6 million operational tasks in production.
- Funding to accelerate enterprise expansion and deepen platform capabilities.
