HuLoop Automation, a leader in AI-powered intelligent automation, has successfully closed its Series A funding round. The funding, led by Mighty Capital with significant participation from Moneta Ventures, will support the company’s mission to simplify automation and empower businesses across underserved industries. With the infusion of capital, HuLoop plans to expand its team, enhance its automation platform, and accelerate its customer growth and market reach.
Series A Funding Round and Strategic Backing
- The Series A funding round was led by Mighty Capital, with additional backing from Moneta Ventures, which also led HuLoop’s previous round.
- The funding marks a significant milestone for HuLoop as it continues its mission to transform industries through AI-powered automation.
Commitment to Transforming Industries
- Todd P. Michaud, CEO of HuLoop, emphasized the company’s commitment to making intelligent automation simple, fast, and affordable for businesses of all sizes.
- HuLoop aims to simplify automation processes for industries such as banks, credit unions, collections, and retail enterprises, helping them enhance efficiency and reduce manual effort.
Innovative Approach to Automation
- SC Moatti, Founder and Managing Partner at Mighty Capital, highlighted HuLoop’s AI and human-in-the-loop approach as a game-changer in the intelligent automation sector.
- The company’s Unified Automation Platform integrates multiple automation technologies, including RPA, workflow orchestration, intelligent document processing, and testing, into a cohesive system for streamlined business processes.
Industry Adoption and Growth
- HuLoop’s platform is already used by more than 60 customers across the financial services and commerce sectors, with a strong presence in the community banking sector.
- Charles Potts, EVP and CIO of the Independent Community Bankers of America, praised HuLoop for its cost-effective approach to automation, which helps businesses streamline mundane tasks while enabling employees to focus on more critical customer interactions.
Focus on Product Innovation and Market Expansion
- The investment will help HuLoop accelerate product innovation, improve customer success, and expand market reach.
- The company’s goal is to unlock productivity potential for its clients by integrating automation solutions with human oversight.
HuLoop Automation’s Series A funding round positions the company to innovate faster, expand its reach, and continue delivering groundbreaking AI-powered automation solutions. With a focus on simplifying automation for underserved industries, HuLoop is set to drive greater efficiency, customer success, and productivity gains across sectors.
