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Scribe, a startup focused on documenting how work is performed, has achieved a $1.3 billion valuation following a $75 million Series C funding round. The round was led by StepStone, with participation from several prominent investors. This funding will support the expansion of Scribe Optimize, a platform designed to identify areas where AI and automation can deliver real value. The company’s co-founder and CEO, Jennifer Smith, highlighted the challenge many enterprises face in determining where to prioritize AI implementation. Scribe aims to solve this by mapping workflows and showing where automation can yield the most impact.

Key facts

  • Scribe has raised $75 million at a $1.3 billion post-money valuation to expand its Scribe Optimize platform.
  • The funding round was led by StepStone and included participation from Amplify Partners, Redpoint Ventures, and others.
  • Scribe Optimize maps workflows to identify where AI and automation can deliver real returns.
  • The startup has documented over 10 million workflows across 40,000 software applications.
  • Scribe is used by teams in 94% of Fortune 500 companies and has 78,000 paid customers.
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TAGS: #AI  #automation  #enterprise  #process documentation  #Scribe  #Series C  #Startup  #TechCrunch  #valuation  #workflows