One of the biggest applications of automation is without doubt process automation, ensuring businesses can make the way they operate more efficient without worrying about having to implement costly consultants to transform their organisation.
Autologyx is leading the field in process automation and to boost its platform even further, it’s just received £1.5m investment in its Aries A funding round.
“Many companies are just beginning to explore robotic process automation (RPA) technology and realise it has far more benefits than simply cost savings,” Ben Stoneham, CEO and founder of Autologyx, said. “We see that iRPA not only enables teams to focus on the more ‘strategic’ parts of their roles but also allows them to catalyse and implement innovative ideas resulting in rapid and inexpensive trialling of new concepts such as gamifying employee engagement programmes.”
Autologyx uses machine learning and artificial intelligence to help businesses move on from their legacy technologies, reinventing themselves to become digitally savvy organisations.
“We are making process innovation a reality for clients and a perfect example is where we deployed our platform with machine learning to deliver a cutting-edge solution for a globally renowned law firm to improve the triage process of legal matters at scale.”
The company’s £1.5m came from a number of investors already working in the automation space, including Beacon Capital,AngelCoFund and Richard Hargreaves, the latter who will become the company’s non-executive director.
Tim Mills, investment director at AngelCoFund, said: “Autologyx is using robotics – machine learning and artificial intelligence – to automate everyday business processes and therefore make companies more efficient. “This is truly the stuff of the future, and an exciting prospect for any investor looking to be a part of the next wave of business innovation. The interest the company has garnered from investors is credit to its pioneering position in the space and we’re delighted to be on board with Autologyx for this exciting stage of their journey.”