Tech Company Financing Transactions
Roots Automation Funding Round
Roots Automation closed a $22.2 million financing round on 9/17/2024. Investors included Harbert Growth Partners, Liberty Mutual Strategic Ventures and MissionOG.
Transaction Overview
Company Name
Announced On
9/17/2024
Transaction Type
Venture Equity
Amount
$22,200,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate growth and build upon its made-for-insurance AI, enabling carriers, TPAs, brokers, and agents to drive improvements in overall business performance.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
63 Lispenard St. 5A
New York, NY 10013
USA
New York, NY 10013
USA
Phone
Website
Email Address
Not Recorded
Overview
Our mission is to empower companies to free their 'roots' - their people - to focus on meaningful, impactful work. Roots Automation provides Digital Coworkers as a Service for companies of all sizes to support daily operations, reduce time spent on low-value tasks, and free up employee time to focus on customers and growth opportunities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Chaz Perera
Chief Technical Officer
John Cottongim
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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