AI platform Scribe is a $1.3 billion startup that wants to tell you how to work smarter | Fortune
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AI platform Scribe is a $1.3 billion startup that wants to tell you how to work smarter | Fortune
"I would literally look over people's shoulders with stop watches and write down what I saw them do,"
""Most of that work's invisible," she explained. "It lives in people's heads and is institutional know-how that walks out the door every day at 5 p.m. and you have to hope that it comes back.""
""five to seven figures""
A former McKinsey consultant experienced difficulty capturing granular employee workflows, prompting creation of an AI platform to document processes and auto-generate step-by-step guides. The company was founded in 2019 and has grown to 75,000 customers, with 45% of Fortune 500 companies as paying clients and a free version available. New funding of $75 million in a Series C brings total funding to $130 million and a $1.3 billion valuation. The funding will support Scribe Optimize, an agent that analyzes workflows and suggests tailored improvements. Reported pricing ranges from team plans at $12 per user per month to enterprise contracts costing five to seven figures annually, with customer surveys indicating employees can save 35 to 41 hours per month using the system.
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