Israeli Startup Tonkean Raises $50 Million Led by Accel

Tonkean declares that it enables enterprises to accelerate operational velocity.

Tonkean Team Press Release

Tonkean is an Israeli startup which offers an Operating System for Business Operations of the same name. The company just raised $50 million in Series B funding, led by Accel.

Founded in 2015 by CEO Sagi Eliyahu and CTO Offir Talmor, Tonkean boasts that the company’s OS for Business Operations, “transforms operations teams from facilitators into makers with an enterprise-grade, no-code process orchestration platform.” Tonkean declares that it enables enterprises to accelerate operational velocity at scale by, “abstracting the technical knowledge required to automate, monitor, and manage mission-critical business processes, while still maintaining compliance and security.”

“Tonkean’s no-code platform will fundamentally change how enterprise software is built, delivered and maintained within every enterprise, just as Slack did with communication tools and UiPath did with RPA,” said Miles Clements, Partner at Accel. “We’re excited to partner with the team as they shift the future of business operations.”

Delivering no-code solutions at scale, explains Tonkean, requires a bridge between business and IT to drive business agility while still ensuring compliance and security. With Tonkean, business operations teams can compose their own business logic using reusable building blocks called “Enterprise Components”. These components are pre-approved and controlled by IT, enabling key capabilities like interacting with existing systems, coordinating with people, or leveraging advanced technologies like NLP & OCR. Tonkean says that it, “allows operations teams to safely create solutions that work on top of their current tools and align with the way people actually like to work.”

“Building software is still only a privilege for the few. The world needs more makers,” said Sagi Eliyahu, CEO and Co-Founder of Tonkean. “Business processes are complex, and today’s options of ‘build vs buy’ are not enough. Tonkean is challenging this status quo. We are creating a new alternative in enterprise software. Instead of just buying more applications, relying on engineering, or forcing new behavior – operations teams can now solve business problems faster, by composing their own solutions.”

Today, enterprises like Instacart, Grubhub, Crypto.com, EVERSANA, and others rely on Tonkean to optimize and align their operations across functions—including sales, marketing, customer support, legal, finance, and more.

“I have seen first-hand the impact that Tonkean can make in transforming complex processes at enterprise scale, resulting in millions of dollars saved from removing time-consuming manual tasks and eliminating other one-off solutions,” said Mary O’Carroll, former president of CLOC and head of legal operations at Google. “Empowering an operations team to be innovative while reducing change management is a game changer.”

“Tonkean has helped us to quickly solve unique business process problems at scale, bring new products and services to market faster, and start delivering on the promise of citizen developed automation,” said Chris Giddings, Manager, Digital Automation & Intelligent Systems, EVERSANA.

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