HuLoop Automation, an Auburn, CA-based AI-powered intelligent automation company, raised $5M in Seed funding.
The round was led by Moneta Ventures, with participation from Rebellion Ventures, Growth Factory, Vibranium VC, Nurture Ventures, Insta VC and others.
The company intends to use the funds to expand its team, accelerate product development, and scale operations.
Led by CEO Todd P. Michaud, HuLoop Automation offers AI-powered intelligent automation solutions for companies of all sizes to boost their productivity. The platform caters to two primary industry sectors: financial services and consumer commerce. Its no-code solution provides a digital workforce that automates mundane, repetitive work, enabling employees to concentrate on more valuable work. By leveraging an array of innovations like AI-based intelligent agents, robotic process automation (RPA), intelligent document processing (IDP), generative AI, and human-in-the-loop employee experiences, HuLoop helps companies achieve new levels of productivity and efficiency.
Commenting on the news, Todd P. Michaud said: “With this funding, we are excited to further enhance our platform and bring the benefits of AI-driven automation to more businesses, enabling them to achieve new levels of productivity and efficiency.”
FinSMEs
28/02/2024