Machine Learning startup Attunely secured $9 Million funding

Attunely Inc, a Seattle-based provider of a machine learning platform to maximize revenue recovery, has now secured $9 million in funding.

Attunely is founded by Scott Ferris in the year 2017. The company offers creditors with a machine learning platform supported by de-identified consumer interaction behavior to describe the most effective outreach tactics through every phase of the servicing and delinquency life cycle. 

The company models are customized to enhance revenue recovery, prevent customer churn, reduce expenses, and identify the best time of the day to reach a consumer.

Andrew Lugsdin, Partner, Framework Venture Partners, said, "Attunely is uniquely positioned to help reinvent the consumer’s collection and lending experience, in view of the economic damage resulting from the COVID-19 pandemic. Its dynamic machine learning models provide an opportunity for improved engagements across the industry. Now, more than ever, businesses need tools to empower responsible engagement with consumers and improve business practices. I am excited to join the Attunely team and support their growth".

Scott Ferris, Founder and CEO, Attunely, said, "In the current economic climate, we believe machine learning is well suited to enable creditors, lenders and revenue cycle management agencies to employ more tailored engagements during and beyond the pandemic-driven unemployment environment. Undoubtedly, COVID-19, has created a ‘new normal’. Attunely’s machine learning models are designed to provide greater flexibility and efficiency during a transformative moment for the economy at large".

The backers include the Vulcan Capital, Framework Venture Partners, Anthos Capital, and additional independent investors as well.

Post funding, Andrew Lugsdin, the Managing Partner at Framework Venture Partners, will now join as a member of the Attunely Board of Directors team.

The company intends to leverage newly raised funds to expand its team with an emphasis on data security, data science, client success resources, and marketing, notes the announcement.