Roots Automation
Financials
Estimates*
USD | 2019 | 2020 | 2022 | 2023 |
---|---|---|---|---|
Revenues | <1m | <1m | 4.6m | 6.4m |
% growth | - | 400 % | - | 39 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $1.0m | Seed | |
$3.2m | Seed | ||
N/A | $7.5m | Seed | |
* | $10.0m | Series A | |
* | N/A | Early VC | |
* | $22.2m | Series B | |
Total Funding | CAD59.9m |
Related Content
Recent News about Roots Automation
EditRoots Automation specializes in providing AI-powered digital coworkers designed to enhance efficiency and employee retention in the insurance industry. The company serves insurance firms looking to automate business processes that are traditionally rule-based and industry-specific, thereby increasing operational efficiency and reducing the burden on human employees. Roots Automation's digital coworkers are capable of reading, thinking, and intuiting like human workers, allowing them to manage exceptions, handle edge cases, and seek assistance in real-time. These digital coworkers come pre-packed with the knowledge, skills, and capabilities to collaborate effectively with human teams, manage claims, and support underwriting processes. The business model revolves around offering plug-and-play solutions that integrate seamlessly into existing workflows, thereby providing superior economics and an enhanced customer experience. Roots Automation generates revenue through the sale and implementation of these AI solutions, targeting insurance companies that need to streamline operations and improve employee productivity.
Keywords: AI, digital coworkers, insurance automation, efficiency, employee retention, underwriting, claims management, real-time collaboration, plug-and-play solutions, operational efficiency.