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High Tech Series B Founded 2018

Roots Automation

Roots Automation is an AI-powered automation company that provides digital coworkers for automating work processes in insurance and financial services operations. The platform leverages AI technology to create intelligent digital workers that can perform cognitive tasks including data entry, document processing, claims handling, and customer service operations. Roots Automation digital coworkers use computer vision,…

📍 New York, United States · Generative AI,

Funding snapshot

Last roundSeries B
Amount$22M
Date28 June 2024
Total raised$44M
Team size123

About

Roots Automation is an AI-powered automation company that provides digital coworkers for automating work processes in insurance and financial services operations. The platform leverages AI technology to create intelligent digital workers that can perform cognitive tasks including data entry, document processing, claims handling, and customer service operations. Roots Automation digital coworkers use computer vision, natural language processing, and machine learning to interact with existing software systems, mimicking human actions to complete business processes. The platform enables organizations to automate repetitive knowledge work, reduce processing times, and improve accuracy in insurance underwriting, claims processing, and back-office operations. Founded in 2018 and headquartered in New York City, Roots Automation has raised approximately $44 million in Series B funding from investors including MissionOG, Liberty Mutual Strategic Ventures, Vestigo Ventures, and CRV.

Business model

Robotic Process Automation > Cognitive Automation > Financial Services > Multi-Function,

Insurance IT > Data and Monitoring Solutions > Usage-based > Diversified

Institutional investors

MissionOG Liberty Mutual Strategic Ventures Vestigo Ventures CRV Erie Insurance Harbert Management PBJ Capital Gutbrain Ventures Forum Ventures Right Side Capital Management Permit Ventures

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