About Roots Automation
Roots Automation is a company based in New York (United States) founded in 2018 by John Cottongim and Chaz Perera. Roots Automation has raised $43.95 million across 5 funding rounds from investors including Erie Insurance, Harbert Management and MissionOG. Roots Automation offers products and services including AI Agents, InsurGPT, Cockpit, and Workflow Orchestration. Roots Automation operates in a competitive market with competitors including Earnix, WorkFusion, Figorr, Wenalyze and Percayso Inform, among others.
- Headquarter New York, United States
- Founders John Cottongim, Chaz Perera
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Sectors
Financial ServicesTechnology
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Phone
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Website
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Social
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- Legal Name Roots Automation, Inc.
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$43.95 M (USD)
in 5 rounds
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Latest Funding Round
$22.2 M (USD), Series B
Jun 28, 2024
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Investors
Erie Insurance
& 5 more
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Employee Count
Not available
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Products & Services of Roots Automation
Roots Automation offers a comprehensive portfolio of products and services, including AI Agents, InsurGPT, Cockpit, and Workflow Orchestration.
Tools for automating insurance tasks like claims and underwriting.
Insurance-specific AI for data processing and decision support.
Platform for overseeing AI activities and workflows.
System for multi-tool process automation in insurance.
People of Roots Automation
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Funding Insights of Roots Automation
Roots Automation has successfully raised a total of $43.95M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $22.2 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Roots Automation
Roots Automation has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Erie Insurance, Harbert Management and MissionOG.
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Growth-stage US companies are invested in by MissionOG.
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Early-stage investments are made in insurance technology by this firm.
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Vestigo Ventures is focused on investing in AI and FinTech startups.
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Investor details for Roots Automation
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Investments & Acquisitions by Roots Automation
Investment portfolio details for Roots Automation
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Financial Statements - Roots Automation
Detailed financials for Roots Automation
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Roots Automation Comparisons
Peer comparison for Roots Automation
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Competitors of Roots Automation
Roots Automation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Earnix, WorkFusion, Figorr, Wenalyze and Percayso Inform, among others.
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AI based marketing analytics and data monitoring solutions for insurers and banks
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Provider of robotic process automation and chatbot solutions to automate work processes
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Temperature monitoring solutions are delivered through a cloud-based platform.
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AI-based data analytics solutions for the commercial insurance and banking sectors
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Data and pricing solutions are provided to insurers and brokers.
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Detailed competitors of Roots Automation
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Latest news on Roots Automation
Complete news archive for Roots Automation
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Frequently Asked Questions about Roots Automation
Roots Automation was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Roots Automation is headquartered in New York, United States. It is registered at New York, New York, United States.
Chaz Perera is the current CEO of Roots Automation. They have also founded this company.
Roots Automation is a funded company, having raised a total of $43.95M across 5 funding rounds to date.
Roots Automation was founded in 2018 in New York, United States, focusing on the insurance sector. AI technology is utilized to create digital coworkers that automate operational tasks. Detailed task flows are generated from text or speech inputs. Services encompass insurance underwriting, claim support, loss reporting, document indexing, and AI-assisted application reviews. Operations are centered on enhancing efficiency in insurance workflows.
Roots Automation's top competitors include WorkFusion, Earnix and Percayso Inform.
Roots Automation offers AI Agents, InsurGPT, Cockpit, and Workflow Orchestration.
Roots Automation has 6 investors. Key investors include Erie Insurance, Harbert Management, MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures.