AI-Based Intelligent Automation Leader to
Accelerate Innovation, Invest in Customer Success and Expand Market
Reach
AUBURN,
Calif., Dec. 23, 2024 /PRNewswire/
-- HuLoop Automation, the leader in radically simple,
fast, and affordable AI-powered intelligent automation, today
announced the successful closing of its Series A funding round.
While the specific terms aren't being announced publicly, the
round was led by San Francisco,
California-based Mighty Capital, with significant
participation from Folsom,
California-based Moneta Ventures, which led HuLoop's
prior round.
This funding marks a major milestone for HuLoop as it
accelerates its mission to simplify automation and empower
businesses in key underserved segments like banks, credit unions,
collections and retail enterprises. The investment will fuel the
expansion of its team, enhance its unified automation platform, and
drive customer growth and expansion.
"At HuLoop, we are committed to transforming key industries by
making intelligent automation radically simple, fast, and
affordable for businesses of all sizes," said Todd P. Michaud, CEO of HuLoop Automation.
"This latest round positions HuLoop to achieve even faster growth,
faster innovation, and greater benefits for our customers."
"HuLoop's innovative approach, which blends cutting-edge AI with
human-in-the-loop processes, represents the future of intelligent
automation. Mighty Capital invests in companies with exceptional
products because we believe the best product wins, and HuLoop is no
exception," said SC Moatti, Founder and Managing Partner at
Mighty Capital.
Moatti, who also founded Products That Count, a large,
global network of product managers, leverages this network to
identify and invest in emerging innovation companies with strong
product-focused strategies. "Our members are very focused on
vertical AI solutions, particularly those centered on shaping the
future-of-work and we believe that HuLoop is well-positioned to
fill this market need," said Moetti.
HuLoop defines its Unified Automation Platform as a single,
integrated solution that combines multiple automation
technologies—such as robotic process automation (RPA), workflow
orchestration, intelligent document processing, and testing—into a
cohesive system. This platform enables organizations to streamline
complex business processes, reduce manual effort, and drive
efficiency across the enterprise, while ensuring human-in-the-loop
oversight to balance automation with human judgment. The
company has grown rapidly over the past two years, now serving more
than 60 customers primarily in the financial services and commerce
sectors.
"HuLoop's success in the community banking sector reflects a
pragmatic, cost-effective approach to technology adoption for
productivity gains," said Charles
Potts, executive vice president and chief innovation officer
for the Independent Community Bankers of America. "By combining
automation with human intelligence, their human-in-the-loop process
streamlines mundane tasks, allowing staff to focus on more critical
customer interactions."
The capital infusion will be primarily focused on helping HuLoop
to accelerate product innovation, invest in customer success, and
expand its market reach, helping customers' companies unlock their
productivity potential.
"I'd like to thank Mighty Capital, Moneta Ventures, our Founding
Stakeholders, and all our investors for their belief and confidence
in HuLoop. Your financial and strategic support is going to help us
deliver innovative automation solutions that drive more success for
our clients," said Michaud.
About HuLoop Automation
HuLoop Automation delivers
AI-powered intelligent automation solutions designed to boost
productivity for companies of all sizes. Its Unified Automation
platform provides businesses with tools to discover, automate, and
test processes seamlessly. The platform includes three core
modules: Intelligent Productivity Discovery, which empowers
organizations to identify and prioritize automation opportunities
with actionable insights; Intelligent Process Automation, which
streamlines workflows by automating repetitive, manual tasks across
systems and departments; and Intelligent Test Automation, which
enhances quality assurance with automated testing for software,
ensuring faster deployment cycles and higher reliability.
HuLoop's no-code platform leverages advanced technologies such
as process and task mining, robotic process automation (RPA),
intelligent document processing (IDP), workflow, automated testing,
using applied and generative AI, and complemented by
human-in-the-loop features. These innovations enable businesses to
achieve new levels of efficiency and success, empowering their
workforce to focus on high-value tasks and drive transformative
outcomes.
Media Contact:
Erin
Leventhal
(858) 522-0357
erin@huloop.ai
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SOURCE HuLoop Automation, Inc.