The new capital will be used to onboard new staff, expand internationally, and build new AI products. The startup plans to target larger companies in sectors such as insurance and finance. Bluesheets' clients include Pizza Express and insurance company MSIG. Despite facing competition from industry giants like UiPath and Automation Anywhere, Bluesheets distinguishes itself by putting AI at the core of the company, allowing for automation that clients can adapt to their needs.
Key takeaways:
- Bluesheets, a Singapore-based AI-powered financial data startup, has raised $6.5 million in a Series A funding round led by Illuminate Financial, bringing its total funding to $12.5 million.
- The startup, which was founded in 2020, develops AI-powered data entry and management tools that aim to help companies process their financial data for accounting, reporting and other operations.
- The fresh capital will be used for onboarding new staff, expanding internationally, and building new AI products. Bluesheets plans to target larger companies in sectors such as insurance and finance.
- Despite facing competition from industry giants like UiPath and Automation Anywhere, Bluesheets distinguishes itself by putting AI at the core of the company, allowing for automation that clients can adapt to their needs.