CA-based HuLoop Automation secures $5million in seed funding. Moneta Ventures led the round, and Growth Factory, Rebellion Ventures, Vibranium VC, Nurture Ventures, Insta VC, and other investors also participated.
The company plans to scale operations, add more employees, and expedite product development with the usage of the cash. HuLoop Automation, led by CEO Todd P. Michaud, provides AI-powered intelligent automation solutions to increase productivity for businesses of all kinds.
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The financial services and consumer commerce industries are the two main industry segments that the platform serves. With the help of its no-code solution, workers may focus on more important tasks as a digital workforce is created to automate tedious, repetitive tasks.
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.
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.”
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About HuLoop Automation
Work is being transformed by HuLoop Automation, which uses Intelligent Automation that is Human-in-the-Loop. By combining cutting-edge artificial intelligence (AI) based automation technology with irreplaceable human cognitive abilities like making educated decisions, exercising judgement, and providing governance, they are revolutionising entire industries and achieving previously unheard-of levels of efficiency, accuracy, and innovation.
