California, USA-based leader in AI-powered intelligent automation, HuLoop, announced the successful closing of its seed funding with USD 5 million. Moneta Ventures led the financing for the company. Rebellion Ventures, Growth Factory, Vibranium VC, Nurture Ventures, Insta VC and others also joined in the seed round.
Purpose of financing for HuLoop
HuLoop has plans to expand its team. It further seeks to accelerate product development. Meanwhile, the company looks forward to scaling its operations to meet growing demand.
With the latest financing, HuLoop seeks to fuel its mission to revolutionize automation, making it simpler, faster, and more affordable for its growing roster of clients in financial services and retail/CPG.
What the company’s official has to add
Todd P. Michaud, CEO of HuLoop Automation, said, “Our goal at HuLoop is to democratize automation, making it accessible to non-technical professionals and to companies of all sizes. With this funding, we are excited to enhance our platform further and bring the benefits of AI-driven automation to more businesses, enabling them to achieve new levels of productivity and efficiency.”
What the investors have to comment
Lokesh Sikaria, Managing Partner at Moneta Ventures, further added, “We have been active in the enterprise AI space for many years and believe HuLoop is poised to lead the next round of innovation in the automation industry. Their innovative approach and commitment to customer success sets them apart, and we are excited to be part of their journey.”
About the company
For businesses of all sizes looking to increase productivity, HuLoop Automation provides AI-powered intelligent automation solutions that are remarkably easy to use, quick to implement, and reasonably priced. The financial services and consumer commerce industries are the two main industry segments that the platform serves. With the help of HuLoop’s no-code solution, workers may focus on more important tasks by having their repetitive, menial tasks automated by a digital workforce. HuLoop helps businesses reach new heights of productivity and efficiency by utilising a variety of breakthroughs, including AI-based intelligent agents, intelligent document processing (IDP), robotic process automation (RPA), generative AI, and human-in-the-loop employee experiences.
HuLoop offers a drastically different approach to automation than first-generation solution vendors. Point solutions like Software Test Automation, Business Process Management (BPM), and Robotic Process Automation (RPA) are offered by traditional automation solutions; however, these solutions are overly sophisticated, require laborious installations, and are unaffordable. On the other hand, HuLoop enhances RPA, BPM, and Test Automation with human-in-the-loop procedures and state-of-the-art technologies to produce faster outcomes with unmatched user-friendliness.
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