FlowX.AI, a leading AI enterprise application modernization platform catering to large financial services organizations, has successfully raised $35 million in Series A funding. The round was spearheaded by Dawn Capital, with participation from esteemed existing investors including PortfoLion, SeedBlink, and DayOne Capital. The infusion of capital will fuel FlowX.AI’s ambitious plans to further enhance its product offerings through innovation and pursue global expansion initiatives.
Founded in 2021 by the visionary trio of Ioan Iacob, Radu Cautis, and Serban Chiricescu, FlowX.AI has established itself as a cutting-edge platform specializing in the modernization of enterprise AI applications for mission-critical functions. In strategic collaboration with renowned global system integrators, FlowX.AI empowers large financial institutions to develop core digital products while modernizing their application systems and infrastructure. The solutions built on FlowX.AI’s platform require minimal maintenance, offering a future-proof technology stack that optimizes budgets and reduces infrastructure costs. Prominent clients already benefiting from FlowX.AI’s transformative capabilities include major players in the financial industry such as OTP, the leading European banking group with $85 billion in assets under management, Banca Transilvania, the largest bank in South Eastern Europe, and Alpha Bank, one of the largest banking groups in Central Europe.
Headquartered in Delaware, United States, FlowX.AI operates engineering offices in Bucharest, Romania, boasting a highly skilled workforce of nearly 50 professionals across Europe and the United States. The company’s strategic geographic presence enables seamless collaboration and effective delivery of cutting-edge solutions to its esteemed clientele.
The successful Series A funding round led by Dawn Capital underscores the industry’s recognition of FlowX.AI’s innovative approach and immense growth potential. The injection of capital will provide the necessary resources to drive product innovation, allowing FlowX.AI to continuously enhance its offerings and stay at the forefront of AI-driven application modernization in the financial services sector. Additionally, the funding will fuel the company’s global expansion efforts, enabling FlowX.AI to reach new markets and establish its position as a key player in the industry.
As FlowX.AI enters this exciting phase of accelerated growth, it is poised to shape the future of AI application modernization for financial institutions worldwide. By leveraging its expertise and strong partnerships, the company will empower financial organizations to unlock the full potential of their technology stacks, driving operational efficiency, and enabling them to better serve their customers in an increasingly digital landscape. With a proven track record and a dedicated team, FlowX.AI is well-positioned to lead the way in transforming the financial services industry through AI-driven modernization.
