InRule

InRule Technology, Inc. offers innovative decision automation solutions, enabling organizations to optimize complex business processes through a robust business rules engine and no-code automation platform. Founded in 2002, InRule Technology, Inc. is based in Chicago, US, and specializes in decision automation.

The company has successfully raised funds over two deals, with the most recent investment occurring on October 13, 2022. The CEO, Rik Chomko, has a background in technology and business, contributing to the company's strategic direction. InRule Technology, Inc. specializes in providing a suite of products focused on decision automation, which includes a robust business rules engine, explainable machine learning models, and a no-code process automation platform.

The core product, the InRule Platform, enables technical and business users to automate complex business decisions by separating business logic from application code. This platform serves a wide range of industries, including financial services, healthcare, insurance, retail, and public sector organizations, allowing users to streamline operations and improve decision-making through sophisticated decision flows and rules management. The company’s clientele includes well-known enterprises such as Virgin Atlantic and Tokio Marine HCC, which leverage InRule's capabilities to enhance their operational efficiency and agility. InRule’s solutions are marketed in North America, Europe, and Asia, addressing the needs of organizations looking to optimize their decision-making processes without the requirement for extensive programming expertise.

InRule operates on a subscription-based revenue model, where clients typically engage in multi-year agreements to use the InRule Platform. The company generates revenue through direct sales of its products, including the business rules engine and machine learning solutions, along with associated professional services for deployment and support. The transactions primarily occur between InRule and medium to large enterprises, with clients acquiring access to the software suite tailored to their specific operational needs. Pricing structures are designed to cater to various client requirements, with tiered options available based on the scale of implementation or specific service features.

Additionally, integration partnerships with platforms such as Microsoft Dynamics 365 and Salesforce further enhance InRule's market presence and service offerings, allowing clients to seamlessly incorporate decision automation into their existing workflows. In October 2022, InRule received an investment from Pamlico Capital, aimed at expanding the company's service offerings and geographic market presence. The funds will be utilized to develop new products and enhance existing solutions, with plans to penetrate additional markets in North America and Europe by the end of 2023. This strategic direction indicates a commitment to increasing InRule's footprint in the decision automation space.