Siliconrepublic.com has put collectively an inventory of automation start-ups you must be careful for.
Most companies automate – albeit some greater than others. Regardless, automating duties is how companies maximise their returns whereas investing the saved time and sources into different, extra very important duties.
Automation as a service has boomed lately, particularly for the reason that creation of generative synthetic intelligence. This has opened up newer methods for firms to optimise their workflows and take away bottlenecks.
Siliconrepublic.com has put collectively an inventory of start-ups working within the automation sector, offering their shoppers with novel methods to enhance their enterprise practices.
Augmetec
This UK-based authorized start-up gives its prospects a SaaS platform with AI and automation instruments to conduct inner and regulatory investigations and deal with problems with ethics and compliance.
Based in 2022, Augmetec is headquartered in London and has groups unfold throughout the UK, Germany, Portugal and the US. The beginning-up’s co-founder Kritin Sundaram stated that they need to ease the “overwhelming burden” on staff within the authorized sector who deal with complicated and multifaceted investigations.
Earlier this yr, Augmetec raised £2m in a seed funding spherical led by Gasoline Ventures to facilitate its development. Dealroom.co values the three-year-old start-up at as much as $16m.
Axe
Axe is an Irish start-up that builds autonomous AI brokers able to dealing with duties reminiscent of order entry, quoting, scheduling and cellphone calls. In keeping with the corporate, automation saves staff greater than 4 hours each day.
Based in 2024 by James McElroy and Dan Quill, Axe goals to make complicated provide chain processes easy and environment friendly utilizing AI and “intuitive workflows”.
Simply this month, the Dublin-based start-up raised €1.5m in a pre-seed spherical. Axe, which additionally operates out of London, shared plans to open its first US workplace later this yr.
Eiratech
This Dublin-based start-up develops “user-friendly” robotics and software program, bringing its automated workflows to fulfilment warehouses and manufacturing environments. Eiratech creates a “full goods-to-person robotics automation platform”, it claims, together with e-fulfilment, supplies dealing with, kitting and retail.
Along with providing plenty of warehouse robots and its proprietary software program, the start-up has a dashboard which permits prospects entry to key metrics.
Eiratech, which was based in 2014 by Alexey Tabolkin, opened its first UK workplace in 2021.
Fonoa
Irish start-up Fonoa helps enterprise firms automate duties to make sure international tax compliance. It was based by three Uber alumni, Davor Tremac, Filip Sturman and Ivan Ivankovic, who now present their companies to giant firms, together with Uber, Dell, Netflix and Zoom.
Late final yr, the Fonoa acquired World Oblique Tax Compliance, a PricewaterhouseCoopers product, which manages partial exemptions for firms doing enterprise throughout a number of jurisdictions.
Fonoa raised $60m in 2022, a large funding spherical which got here just some months after the start-up raised $25m to develop its crew and increase internationally.
Invert Robotics
Headquartered in Eire, Invert Robotics, helps its shoppers – which incorporates a few of the world’s largest meals manufacturing, chemical substances, pharmaceutical, aerospace and power firms – make inspecting and sustaining probably hazardous and poisonous industrial belongings extra environment friendly and secure.
A robotic inspection firm, Invert Robotics moved its headquarters from New Zealand to Eire in early 2021, when it first introduced the creation of its R&D crew right here. Final yr, the deep-tech start-up’s worldwide gross sales supervisor stated that Make investments Robotics’ clientele is displaying speedy development.
In 2023, Invert Robotics raised an extra €2.5m in its funding spherical, following a €10m elevate to put money into its development in Eire.
LiveFlow
LiveFlow is a London-based accounting automation platform which builds instruments that allow firms to streamline their monetary administration. The beginning-up does so by automating real-time perception and reviews from giant troves of information that may in any other case need to be processed by means of instruments like Excel and Google Sheets.
Based by Irishman Evan O’Brien – a former Internet Summit software program engineer – and former Revolut workers Anita Koimur and Lasse Kalkar, LiveFlow not too long ago raised $13.5m in Collection A funding spherical.
The beginning-up stated that the newest funding will probably be used to increase its New York-based crew and put money into new R&D initiatives. LiveFlow raised $3.5m in a seed funding spherical in 2021 – lower than a yr after it was based.
Progressive Robotics
This Greek start-up develops AI-driven, no-code software program options designed to automate and improve robotic deployment. In keeping with its web site, Progressive Robotics desires to make robotics extra accessible – even to SMEs, and permitting them to reap the benefits of automation with out the related excessive prices.
Progressive Robotics was based in 2023 by Fotis Dimeas, Marios Kiatos and Zoe Doulgeri. Earlier this yr, the start-up raised €1.55m in a seed funding spherical to reinforce product growth, scale operations and speed up its development internationally.
Reshape Biotech
Reshape Biotech, an AI and robotics start-up based mostly in Copenhagen, Denmark brings AI and robotics collectively to automate visible lab experiments with better velocity and precision. The beginning-up is targeted on bettering R&D throughout three fundamental industries: biotech, agriculture and meals.
Reshape Biotech’s tech is utilized by researchers from the College of Oxford and Swiss agritech big Syngenta, amongst others. The Danish start-up raised $20m in a funding spherical final yr because it goals for the US market to hurry up biomedical analysis. In 2023, the corporate raised $8.1m in a seed funding spherical, one of many largest seed rounds in Denmark.
Voiceline
Based in 2020 by Nicolas Höflinger and Sebastian Pinkas, this German AI start-up has developed an answer that allows area employees to file buyer interactions utilizing voice enter.
Voiceline’s platform mechanically transcribes and analyses conversations. The knowledge recorded is then used to generate automated follow-up actions.
Final yr, the start-up raised €2.4m in a seed spherical, growing its whole funding to €4.2m.
Workist
And at last, Workist – one other German start-up – gives AI-powered software program that absolutely automates processing paperwork reminiscent of orders, requests for quotations or lists of companies. In keeping with the B2B transaction automator, its purpose is to “free individuals from mundane, repetitive work”.
Based in 2019, Workist is headquartered in Berlin, with workplaces in New York, Palo Alto and Tokyo. In 2022, it raised €9m in a Collection A funding spherical led by Berlin’s Earlybird Centure Capital.
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