Machine Learning Startup Attunely Secured $9 Million Funding


Attunely Inc, a Seattle-based provider of a machine learn­ing plat­form to max­i­mize rev­enue recov­ery, has now secured $9 mil­lion in fund­ing.

Attunely is found­ed by Scott Ferris in the year 2017. The com­pa­ny offers cred­i­tors with a machine learn­ing plat­form sup­port­ed by de-iden­ti­fied con­sumer inter­ac­tion behav­ior to describe the most effec­tive out­reach tac­tics through every phase of the ser­vic­ing and delin­quen­cy life cycle. 

The com­pa­ny models are cus­tomized to enhance rev­enue recov­ery, pre­vent cus­tomer churn, reduce expens­es, and iden­ti­fy the best time of the day to reach a con­sumer.

Executive Opinion

Andrew Lugsdin, Partner, Framework Venture Partners, said, “Attunely is unique­ly posi­tioned to help rein­vent the consumer’s col­lec­tion and lend­ing expe­ri­ence, in view of the eco­nom­ic damage result­ing from the COVID-19 pan­dem­ic. Its dynam­ic machine learn­ing models pro­vide an oppor­tu­ni­ty for improved engage­ments across the indus­try. Now, more than ever, busi­ness­es need tools to empow­er respon­si­ble engage­ment with con­sumers and improve busi­ness prac­tices. I am excit­ed to join the Attunely team and sup­port their growth”.
Scott Ferris, Founder and CEO, Attunely, said, “In the cur­rent eco­nom­ic cli­mate, we believe machine learn­ing is well suited to enable cred­i­tors, lenders and rev­enue cycle man­age­ment agen­cies to employ more tai­lored engage­ments during and beyond the pan­dem­ic-driven unem­ploy­ment envi­ron­ment. Undoubtedly, COVID-19, has cre­at­ed a ‘new normal’. Attunely’s machine learn­ing models are designed to pro­vide greater flex­i­bil­i­ty and effi­cien­cy during a trans­for­ma­tive moment for the econ­o­my at large”.

Attunely’s Latest Funding

The back­ers include the Vulcan Capital, Framework Venture Partners, Anthos Capital, and addi­tion­al inde­pen­dent investors as well.

Post fund­ing, Andrew Lugsdin, the Managing Partner at Framework Venture Partners, will now join as a member of the Attunely Board of Directors team.

The com­pa­ny intends to lever­age newly raised funds to expand its team with an empha­sis on data secu­ri­ty, data sci­ence, client suc­cess resources, and mar­ket­ing, notes the announce­ment.

PC: Pablo, Unsplash

TechSutram source|articles

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