<ul><li>Projectworks, a New Zealand professional services automation startup, has raised $12 million in new funding to enhance its project automation platform.</li><li>The funding will be used to expand product development, go-to-market strategies, and customer success teams, with a focus on developing generative artificial intelligence tools such as time tracking and proposal generation.</li><li>Projectworks offers a cloud-based professional services automation platform that streamlines project management for various industries. It integrates core functions like time tracking, invoicing, resource planning, forecasting, and reporting.</li><li>The company has experienced significant growth, opened a new headquarters in Silicon Valley, and attracted investors like Ten Coves Capital. Steve Piaker from Ten Coves Capital is joining Projectworks' board as part of the funding deal.</li></ul>

Projectworks raises $12M to expand its project automation platform

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