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Daylight Automation

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Use Smart Forms to revamp your data collection process with an enterprise platform your customers and back office will love

Toronto, CanadaFounded 2015Other B2B Software
Valuation $50–100M Last recorded · 2021
Revenue $10–50M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Daylight Automation

Daylight Automation, formerly known as FormHero, operates as a low-code platform enabling enterprises to develop and implement personalized digital solutions. Founded in 2015 by Art Harrison and Ryan Kimber in Toronto, Canada, the company was established to address the inefficiencies in enterprise processes. Kimber, the CEO, brings deep expertise in enterprise technology, while Harrison, the Chief Growth Officer, has a two-decade background in the technology industry, including founding early social networking sites and holding executive marketing roles. Their combined experience underpins the company's focus on simplifying complex data collection and workflow automation.

The company's core business revolves around its low-code platform, which allows business teams, or "citizen developers," to create automated digital experiences without extensive coding knowledge. This empowers organizations to digitize manual, paper-based workflows, such as credit card applications or insurance claims, into streamlined data capture tools. The platform functions by allowing users to build decision trees and rules for processes, ensuring the right questions are asked at the right time to gather accurate, structured data. This clean data can then be integrated with existing enterprise systems like RPA, workflow management, and eSignature platforms, enhancing their effectiveness. The business model targets large enterprises, particularly in the banking, insurance, and healthcare sectors, with clients including BMO Financial Group, Shoppers Drug Mart, and Allianz Global Assistance. Revenue is generated by providing these enterprises with the tools to create these custom digital solutions, which can be built and deployed in a matter of weeks.

Significant milestones include a seed funding round of $2.26 million in March 2020, followed by a substantial Series A round of $12.3 million in March 2021, co-led by Bessemer Venture Partners and RTP Global. This funding facilitated the official rebranding from FormHero to Daylight Automation, a name chosen to better reflect the platform's broad capabilities beyond simple forms. In January 2022, Daylight acquired Proof Data Technology, a startup specializing in modernizing government paperwork processes, thereby strengthening its capabilities and team. This strategic acquisition was part of a mandate to onboard top talent and accelerate expansion into the United States. The company's journey culminated in its acquisition by Quadient on September 14, 2023, a move intended to integrate Daylight's platform to enhance Quadient's customer experience offerings.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2015
Headquarters
Toronto, Canada
Employees
59
Open positions
None listed
Dealroom signal
62.0/100
Industry
Enterprise Software
Sector
Other B2B Software, Platform
Business model
SaaS
Client focus
b2b
Investment activity
1 company, latest Jan 2022
Capital deployed
—
Preferred round
ACQUISITION

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Sep 2023 $0 — Quadient ↗
SERIES A✓Equity / VC Sep 2021 $12M $49M Bessemer Venture Partners · Golden Ventures · RTP Global ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Daylight Automation website traffic

Latest recorded traffic for Daylight Automation is 440 monthly website visits, up 83.3% over the last three months. Daylight Automation's team declined 16.9% over the past year.

Latest monthly visits440 3-month web change+83.3% 1-year team growth-16.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

Series A1 investor entered at this stage

Series B and later1 investor entered at this stage

  • Timia Capital

Other known investors1 additional known investor

  • Quadient
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇦 Canada · Toronto HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Daylight Automation on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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