Automat Analysis: $4M Raised
What is Automat?
Automat offers AI-driven managed robotic process automation (RPA) solutions, helping businesses automate workflows in sectors like insurance, e-commerce, healthcare, and finance.
Founded
2023
Revenue
<$5 Million
Company Stage
Seed
YC Batch
W23
Product Features & Capabilities
- Managed automations (RPA), document processing, claims processing (PDF extraction), KYC verification, policy administration, order refunds, account administration, data entry, EHR data entry and migration, billing and insurance verification, credit dispute resolutions, card issuing, case management,
How much Automat raised
Seed Round - $3.75 million
September 6, 2023Lead Investor: Initialized Capital, Khosla Ventures
Company Pricing
- Only pay for setup and usage
- Automations are custom to you and your team, meaning you only pay for what you use
- Set up in a matter of hours
Investors
- USAA
- Comcast Ventures
- Brandtech Ventures
- Relay Ventures
- O'Reilly AlphaTech Ventures
- Real Ventures
- Slack
- 5 other institutional investors (not specified)
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