UiPath, the New York-listed automation software company, said on February 6, 2026 that it had acquired WorkFusion, a New York company that builds AI agents for financial crime compliance at banks.
Terms were not disclosed. UiPath said the transaction closed in the first quarter of its fiscal year 2027.
WorkFusion's agents will be combined with UiPath's automation and orchestration platform and sold to banks and other financial institutions. WorkFusion chief executive Adam Famularo said the company would keep its people, products and mission under UiPath's ownership.
What WorkFusion built
WorkFusion was founded in 2010 and spent its first decade on general automation and document processing. In 2022 it reorganised to focus only on AI agents for compliance work, according to AML Intelligence and Pulse 2.0.
Its pre-built agents act as first-level analysts in anti-money-laundering teams. They handle tasks such as screening customers, reviewing sanctions screening alerts, monitoring adverse media, know-your-customer checks and investigating transaction monitoring alerts, passing harder cases to human staff.
In September 2025 the company said its software was deployed at 10 of the world's 20 largest banks, processed more than one million alerts a day and saved customers the equivalent of 5,000 full-time employees daily. Famularo put the saving at about 40,000 hours of manual work a day and said banks could scale compliance capacity three to five times without adding headcount. These figures came from the company and were not independently verified.
“Financial institutions need intelligent solutions to combat sophisticated financial crimes and navigate evolving compliance requirements.”
Why UiPath is buying
UiPath, listed on the New York Stock Exchange, describes itself as a leader in agentic automation and business orchestration. It says its platform combines automation, orchestration, AI and testing in governed workflows built for heavily regulated industries such as banking.
The company said WorkFusion expands its set of industry-specific AI products for banking and financial services, particularly for anti-money-laundering and know-your-customer operations. Combined with UiPath's platform, it said, banks can automate complex workflows, analyse patterns and prioritise cases that need human review while keeping the security, governance and regulatory controls they require.
Daniel Dines, UiPath's chief executive, said WorkFusion's agents would work alongside people to automate and orchestrate critical compliance processes. Famularo called the deal a moment of validation for his team and said UiPath gave WorkFusion the scale to grow faster than it could alone. He described the aim of the combined business as modernising financial crime compliance, and said he had never been more excited about the company's future or prouder of its team.
The founders and the funding
WorkFusion raised $220 million in a Series F round led by Georgian, a Toronto-based growth investor, in March 2021, taking its total funding to $338 million, Global Venturing reported. That report named insurer Guardian, hospital system NewYork-Presbyterian and PNC Bank among its existing backers.
In September 2025 it raised a further $45 million, again led by Georgian. Serengeti Asset Management, Nokia Growth Partners, Teralys Capital, Hawk Equity, Chubb INA Holdings, Declaration Partners, SVB Innovation Credit Fund and Konrad Investments also took part, along with Famularo and other WorkFusion executives, according to Pulse 2.0. The company said at the time it would use the money to expand its agents in anti-money-laundering, sanctions screening, know-your-customer and fraud work.
WorkFusion's investors did not disclose what they received in the sale.
What happens to customers
UiPath did not say whether the WorkFusion name or product line would be kept separately. Famularo said the team would not lose "the heart of who we are", naming its people, products and mission.
UiPath described WorkFusion's customers only as top banks and leading financial institutions around the globe, and did not name any. For those banks, the deal puts the product inside a larger, publicly listed automation vendor. UiPath said it expects the combination to help customers cut operating costs and improve how well their compliance programmes work.
