Automat Analysis: $4M Raised
What is Automat?
Automat specializes in AI-driven robotic process automation (RPA) solutions tailored for various industries. Their unique approach combines managed automations with AI maintenance, ensuring reliability and efficiency. This enables businesses to streamline operations, reduce costs, and enhance productivity significantly.
Location
San Francisco, United States
Employees
11-50
Founded
2023
Revenue
<$5 Million
Audit Date
2025-09-17
Audit Staleness
6-12 months stale
Audit Type
SOC 2 Type 2
Business Model
Pay-per-usage model with custom automation solutions tailored to client needs.
Funding Status
Series A
Infra Provider
GCP
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,
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
How much Automat raised
Seed Round - $3.75 million
September 6, 2023Lead Investor: Initialized Capital, Khosla Ventures
Market Focus
Automat primarily focuses on the market of robotic process automation (RPA), providing solutions that enable businesses to automate repetitive tasks and streamline operations across various industries.
Competitors Overview
The main competitors of Automat in the robotic process automation (RPA) market include:
- UiPath:
- Overview: UiPath is a leading RPA platform known for its user-friendly interface and extensive capabilities in automating workflows.
- Advantages: It offers better accuracy, impro
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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