After helping several enterprises document how work actually happens, Scribe has raised $75 million at a $1.3 billion post-money valuation to roll out Scribe Optimize, a platform that maps workflows across the enterprise to reveal where automation and AI will actually yield returns — instead of becoming another sunk cost.
The all-equity Series C round was led by StepStone, with participation from existing investors Amplify Partners, Redpoint Ventures, Tiger Global, Morado Ventures, and New York Life Ventures. The new funding comes over a year after Scribe raised its $25 million Series B, capital the five-year-old startup has largely not needed to draw down, co-founder and CEO Jennifer Smith (pictured above, left) said in an exclusive interview. With this round, Scribe plans to accelerate the rollout of Scribe Optimize and related products, as enterprises struggle to determine where AI and automation will have the greatest impact.