# Roots Automation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/roots-automation

- Industry: Software
- Headquarters: New York, US
- Website: www.rootsautomation.com
- Total disclosed funding: $25M
- Latest round: Series B (Sep 3, 2024)
- Investors on record: 5

## About

Founded in 2018 and based in New York, US, Roots Automation, Inc. operates as a software company. The company was founded by its CEO, Chaz Perera, and CTO, John Cottongim. In September 2024, Roots Automation, Inc. raised USD 22.2 million in series B funding led by new investor Harbert Growth Partners, with participation from returning investors Liberty Mutual Strategic Ventures, MissionOG, and Vestigo Ventures.

Roots Automation develops artificial intelligence-powered software solutions for the insurance industry. The company offers a platform that automates business processes through digital coworkers, which are AI-driven systems capable of handling tasks like document processing, system interaction, and decision-making.

The company plans to use the September 2024 funding to support its growth and develop its AI specifically designed for the insurance sector.

## Funding rounds

- Series B, Sep 3, 2024, $12M — Harbert Management, MissionOG, Vestigo Ventures, Liberty Mutual Strategic Ventures
- Series A, Oct 20, 2022, $9.3M — CRV, MissionOG, Vestigo Ventures, Liberty Mutual Strategic Ventures
- Seed, Nov 11, 2020, $3.2M — Vestigo Ventures

## Investors

- Vestigo Ventures (https://capitalatlas.ai/funds/vestigo-ventures) — Seed, Series A, Series B
- CRV (https://capitalatlas.ai/funds/crv) — Series A
- MissionOG (https://capitalatlas.ai/funds/missionog) — Series A, Series B
- Liberty Mutual Strategic Ventures (https://capitalatlas.ai/funds/liberty-mutual-strategic-ventures) — Series A, Series B
- Harbert Management (https://capitalatlas.ai/funds/harbert-management) — Series B