Cheltenham, UK-based provider of an AI automation platform, Enate raises GBP 2 million in recent funding. The company announced the news on October 11, 2022. The growth-focused investment firm Mercia led the financing for the firm.
Purpose of funding for Enate
The company plans to expand its geographic presence with the latest capital injection. It seeks to add new markets and clients across the globe as well as in the UK.
Enate also appointed new CEO James Hall, previously the founder and CEO of Genfour, a Robotic Process Automation (RPA) specialist.
What the CEO has to say
James Hall, Enate’s new CEO, said, “I am delighted that Mercia is delivering on their promise of being a long-term value-add partner to us. Mercia sees the successes clients such as TMF, CapGemini and LBG have with our technology. As a result, Enate is becoming ‘the’ platform for clients embarking on digital transformation and intelligent automation at scale and in their operations.”
What the investor has to say
Jason Warren, a partner at Mercia, said, “Enate has been at the forefront of championing the value of process orchestration software, which is reflected in the richness of its technology for the hybrid workforce and the fact they are one of the very few providers who can evidence process orchestration at scale, with proven customer benefits.”
He further added, “We continue to be impressed by the value Enate delivers for its clients and are delighted to support the team with further funding. Digitisation initiatives and the need to enable a remote workforce were existing trends that have accelerated further post-pandemic, and Enate has a key role to play here. Also, as the macro environment becomes more challenging for firms, the operational efficiency Enate can deliver is increasingly important. We think there is an exciting opportunity for the business to expand internationally, particularly as they continue to build out partnerships.”
About the company
Kit Cox launched the company in 2017. Enate is a SaaS-based technology platform to simplify service orchestration. It enables enterprises to manage a hybrid workforce of humans and digital workers efficiently and simplifies end-to-end business processes.
The platform allows the delivery of services from multiple locations to local standards. Meanwhile, it enables complete visibility and control (including the automation of KPIs and SLAs), all aligned to detailed reporting of cost and productivity.
Enate also signed several partnerships in the US and India. It includes agreements with ISG, Infosys, and Tech Mahindra.
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