/Companies

Qurrent

San Francisco, US · Founded 2023 · 4 known investors

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Qurrent provides fully-managed digital (AI) workforces that automate back-office finance and operations tasks such as invoice-to-cash, dispute resolution, contract and billing audits, procure-to-pay, and revenue operations. Positioned as an alternative to traditional BPO outsourcing, it serves enterprise operations teams with contractually guaranteed SLAs and outcome-based pricing.

Also known as Qurrent Inc.

Founders & leadership

Qurrent was founded in 2023 by Colin Wiel, August Rosedale, and Bradford Oberwager.

CWColin Wiel
Colin WielCo-founderColin Wiel is co-founder and CEO of Qurrent, which provides AI-driven autonomous agent solutions for enterprise back-office operations including invoice processing, dispute resolution, and procurement tasks. He brings over 20 years of experience in artificial intelligence and technology solutions.
ARAugust Rosedale
August RosedaleCo-founder
BOBradford Oberwager
Bradford OberwagerCo-founder

Board

NG
Neeraj GuptaBoard director
MT
Melissa TauntonBoard director

Investors · 4

Reported raises · per SEC filings

Form D private placements

$15M disclosed across 1 of 2 rounds · 2026

▶$15MraisedMar 2026 · 37 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Neeraj GuptaDirector
  • Bradford OberwagerDirector
  • Colin WielExecutive Officer, Director, Promoter
  • August RosedaleExecutive Officer, Director, Promoter
  • Melissa TauntonDirector
Offering amount
$15M
Amount sold
$15M
First sale
Jan 2026
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Qurrent builds and operates autonomous AI "digital workers" that take over complex back-office business functions end to end, in contrast to copilot or assistant tools that respond to human prompts. Where a customer has a documented standard operating procedure — for example invoice collection, supply chain reconciliation, vendor payments, lease renewals or move-out processing — Qurrent onboards a digital workforce to own that process. The company covers finance, supply chain, procurement, legal and property management functions, and positions its offering as an AI business process outsourcing (BPO) model, including a platform launch aimed at finance leaders and CFOs.

Qurrent describes the digital workforce as generative AI combined with deterministic logic and human-in-the-loop verification, so that AI is used to interpret unstructured inputs such as invoices and emails while rigid business rules govern execution of financial and operational transactions, with full auditability. The platform is described as system-agnostic, integrating with ERP systems (NetSuite, SAP), CRM (Salesforce), vertical software (Clio, Shopify) and banking portals via APIs where available and UI automation where necessary. Qurrent handles reconfiguration when customer policies or processes change, so customers do not maintain scripts or automation frameworks themselves.

The company is headquartered in San Francisco. Its leadership team comprises co-founder and CEO Colin Wiel, co-founder and CTO August Rosedale, and Chief Customer Officer and founding member Tony Ko.

Founding story

Qurrent originated in early 2023, when Colin Wiel and August Rosedale began building an AI system intended to operate like a full software development team. They launched the company in May 2023 and within months produced the first version of the Qurrent Operating System, which could interpret large codebases, run commands, edit files and correct its own errors. Concluding that agents capable of advanced software development could also perform most cognitive business work, the founders redirected the company toward a general operating system for digital workers spanning industries and business functions. Before Qurrent, Wiel co-founded a Java/e-commerce consulting firm in 1998, Waypoint Homes (single-family rentals, built to a portfolio of 17,000 homes and taken public at a $1 billion valuation) and Mynd, a property management company that raised at an $800 million valuation and later merged with Roofstock; he studied mechanical engineering at UC Berkeley and earlier worked as an engineer at Boeing applying AI to airplane anti-lock braking systems.

Business model

Qurrent sells a fully managed service rather than self-service software: it owns deployment, management and ongoing performance of the digital workers and contractually guarantees outcomes through SLAs. Customers are not required to build or maintain their own automations, scripts or templates.

Pricing is described as outcome-based or volume-tiered — tied to work completed such as invoices processed, disputes resolved or reconciliations closed — rather than per-seat licensing.

Traction

Qurrent reported executing more than 6 million operational tasks in production as of March 2026, a figure it said had nearly tripled since November 2025, driven by expansion within existing accounts and new enterprise adoption across finance, supply chain, legal and property management. Cited production outcomes include an ad tech platform processing over $100 million in monthly partner payments in under 30 minutes versus 25 days previously; a law firm eliminating manual invoice collection; and a property investment firm saving over 18,000 hours of reconciliation work and more than $800,000 in operational costs in one year across lease renewals, move-out requests and property management. Yahoo's COO Matt Sanchez described deploying a Qurrent digital workforce as part of embedding AI and automation across Yahoo.

Latest developments

On 12 March 2026 Qurrent announced a $15 million Series A round led by Cervin Ventures with participation from Streamlined Ventures, to be used for enterprise expansion and platform development. The company has also formally launched an AI BPO platform targeting mission-critical finance operations for CFOs.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

The company presents itself as a pioneer of autonomous digital workforces and an AI BPO for finance operations, framing its offering as a move "from offshore to no-shore" relative to traditional outsourced back-office labor.

Qurrent contrasts itself with copilots and assistants that await human instruction, and with AI tooling that leaves customers to build and maintain automations. Its stated differentiators are end-to-end ownership of operational functions, a managed service model with contractual performance guarantees/SLAs, embedded operational knowledge in place of customer-maintained scripts, and outcome-based pricing.

Technology

The Qurrent Operating System underpins agentic digital workers. It combines generative AI for handling unstructured data with deterministic logic and human-in-the-loop verification so execution follows customer business rules, with stated 100% auditability. Integration is platform-agnostic, connecting to ERP, CRM, vertical applications and banking portals through APIs or secure UI automation.

Go-to-market

Qurrent sells directly to enterprises as a managed service, supported by case studies, workshops and demo requests, and expands within existing accounts. Funding announced in March 2026 is earmarked for accelerating enterprise expansion and deepening platform capabilities.

Enterprises with high-volume, documented back-office processes, including finance organizations and CFOs, plus customers in supply chain, procurement, legal and property management. Named or described users include Yahoo, an ad tech platform, a law firm and a property investment firm.

Geography

Headquartered in San Francisco, California, United States, serving enterprise customers; the company has stated intentions to broaden its digital workforce reach into additional industries and markets.

History

Founded in 2023 by Colin Wiel and August Rosedale and launched in May 2023, Qurrent first built an AI system for software development work before shifting to a general operating system for digital workers. It subsequently launched an AI BPO platform for finance operations, grew production task volume to more than 6 million by March 2026, and closed a $15 million Series A in March 2026.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
EmployeesMar 202630 employees
Monthly partner payments processed for an ad tech platformMar 2026$100M
Operational cost reduction at property investment firmMar 2026$800K
Operational tasks executed in productionMar 20266,000,000 tasks
Partner payment processing time at ad tech customerMar 2026Under 30 minutes, down from 25 days
Reconciliation hours saved at property investment firmMar 202618,000 hours per year
Total fundingMar 2026$15M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

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Timeline · 4

launches, deals, and filings
Mar 2026
Qurrent raises $15M Series A led by Cervin Ventures

Qurrent announced the close of a $15 million Series A round led by Cervin Ventures with participation from Streamlined Ventures, to accelerate enterprise expansion and deepen platform capabilities.

$15M source ↗

Mar 2026
Digital workforce deployment at Yahoo

Yahoo Chief Operating Officer Matt Sanchez stated that Qurrent helped Yahoo deploy a digital workforce as part of embedding AI and automation across the company.

source ↗

Jan 2026
Launch of AI BPO platform for finance operations

Qurrent announced the formal launch of an AI business process outsourcing platform purpose-built to automate mission-critical finance operations for CFOs.

source ↗

Jan 2023
First version of the Qurrent Operating System

Within months of launching the company in May 2023, the founders built the first version of the Qurrent Operating System, initially aimed at complex engineering work such as understanding large codebases, running commands, editing files and self-correcting errors.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Qurrent do?
Qurrent is a San Francisco company providing fully managed, autonomous AI "digital workforces" for enterprise back-office operations.
Who founded Qurrent?
Qurrent was founded by Colin Wiel, August Rosedale, Bradford Oberwager in 2023.
Who are Qurrent's investors?
Qurrent's investors include Cervin, Streamlined Ventures, Thirdstream Partners, CERVIN VENTURES.
How much funding has Qurrent raised?
Qurrent has disclosed $15M raised across 1 of its 2 known rounds.
Where is Qurrent headquartered?
Qurrent is headquartered in San Francisco, US.