Automat recently raised $3.75 million in an equity financing round from Initialized Capital and Khosla Ventures. The funds will be used to support the launch of Automat's new Sandbox feature and expand its workforce. The company claims that Automat is up to 10 times faster and one-tenth the price of its competitors in the workflow automation market.
Key takeaways:
- Lucas Ochoa and Gautam Bose, former Google Creative Lab employees, have developed an AI system called Automat, which translates a video or description into a software automation workflow.
- Automat can automate any workflow on a PC, from processing insurance claims to inventory management, and can integrate with third-party apps like HubSpot and Salesforce.
- The platform comes in two versions: unattended, which runs in the cloud without human oversight, and attended, which assists a user with repetitive tasks.
- Automat recently raised $3.75 million from Initialized Capital and Khosla Ventures, which will be used to support the launch of a new Sandbox feature and to expand the workforce.