News
BackboneAI, an intercompany data automation platform, today announced its market launch and a $4.7 million seed round, led by Fika Ventures with participation from Boldstart Ventures, Cendana Capital, Dynamo Ventures, GGV Capital, MetaProp, Spider VC, and several notable angel investors.
“Our mission is to help companies move faster and serve their customers better by automating their intercompany data flows, transforming data teams from cost centers into strategic revenue generators,” said Rob Bailey, CEO and founder, BackboneAI.
Over the past decade, enterprise automation companies have created enormous value for Fortune 500 companies, which are now looking for other areas that can automate, rendering intercompany data flows as a tremendous opportunity. BackboneAI empowers the data workers in those processes, transforming them from cost centers to profit generators.
“We are excited to support BackboneAI, which has created an innovative, industry-first category for AI with intercompany data automation,” said Eva Ho, general partner of Fika Ventures, a seed fund that focuses on enterprise and data-driven B2B software.

Transform Your Supplier & Customer Relationships with Intercompany Data Automation

Your data teams should be growth engines, not cost centers.

Intelligent Data Flows

Make your intercompany data smarter. Process data from lots of sources and standardize it throughout your different internal systems using automation. This upgraded data can then power more process automation that is reliable and accurate.

Fast Implementation

Deploy quickly at scale and accelerate the productivity of your data teams without the need for long, expensive consulting projects. BackboneAI implementations are very easy for your IT team.

AI-Enabled Processes

Use proven artificial intelligence technology like cognitive automation and natural language processing to accelerate your data flows between different people, teams, divisions and companies. This will reduce data friction and enable more productive collaboration.

Empowered Data Teams

Automating your intercompany data flows transforms the role of data teams from tactical to strategic. Their role will evolve from cost centers to strategic growth engines. Team productivity will surge and they will be able to get a lot more done.

Why are companies using BackboneAI?

BackboneAI uses advanced cognitive automation and natural language processing to solve one of the hardest technical problems in enterprise automation.
The company has built unique capabilities for acquiring data from thousands of data sources, ingesting them in real time and mapping them to internal, mission-critical applications such as ERP and BI tools.

Without
BackboneAI

  • Data Silos
  • Manual Data Input
  • Time Delays
  • Overworked Teams
  • Operational Risk
  • Limited Visibility
  • Minimal Standardization

With
BackboneAI

  1. Unified Data
  2. Real-Time Data
  3. Fast Connectivity
  4. Mitigated Risk
  5. Full Visibility
  6. Increased Standardization
  7. Productive Teams