February 12, 2021 @ 11:01 am By JD Alois
Durham-based ProcessMaker is announcing today that it has closed $45 million in Series A funding from Aldrich Capital Partners. The financing marks the first outside investment for the previously bootstrapped Durham-based technology company.
ProcessMaker is a leading no-code/low-code open source process automation platform founded during the dotcom boom and bust of 2000 by Bobby Vernon and Brian Reale. The two entrepreneurs failed early and quite often during their initial years, but in 2008 the team launched what is now known around the world as ProcessMaker – one of the first open source workflow software solutions in the industry at the time.