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Roots Automation
company
About
Roots Automation provides Digital Coworkers to Insurance Carriers, Brokers & Agencies seeking to automate soul-destroying work away
- 11 - 50
Details
- Last Funding Type
- Series A
- Last Funding Money Raised
- $10M
- Industries
- Information Technology,Robotics,SaaS,Software
- Founded date
- Oct 1, 2018
- Number Of Employee
- 11 - 50
- Operating Status
- Active
Roots Automation is a digital coworkers-as-a-service company that provides an end–to–end automation solutions for companies. The company's Digital Coworkers complete common business tasks - accounts payable, employee onboarding, processing claims, to name a few - and interact with their human teammates to share progress, ask for help, and get smarter as a result. It makes it easy for companies to start their digital transformation with zero integration and a budget-friendly subscription model.Roots Automation was founded in 2018 and is based in New York, NY, USA.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
2
$13.20M
Roots Automation has raised a total of
$13.20M
in funding over 2 rounds. Their latest funding was raised on
Nov 1, 2022 from a Series A round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Nov 1, 2022 | Series A | $10M | 1 | — | — | Detail |
| Sep 30, 2020 | Seed | $3.20M | 1 |
Vestigo Ventures
|
— | Detail |
Investments
Number of Investments
Number of Lead Investments
4
0
Roots Automation has made 4 investments. Their most recent investment was on
Dec 31, 2019, when Surround Insurance raised $1.42M.
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Dec 31, 2019
Surround Insurance
|
Pre-seed | $1.42M | Financial Services | — |
|
Jun 1, 2018
HomeBinder
|
Seed | $390K | Information Technology | — |
|
Jan 8, 2018
Voatz
|
Seed | $2.20M | Blockchain | — |
|
Jun 23, 2014
Formstack
|
Series Unknown | — | Cloud Data Services | — |
Investors
Number of Lead Investors
Number of Investors
1
1
Roots Automation is funded by 1 investors.
Vestigo Ventures
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Vestigo Ventures
|
— | Series A |
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