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  • Vestigo Ventures Joins $22 Million Series B Funding for Roots Automation

Vestigo Ventures Joins $22 Million Series B Funding for Roots Automation

Author

Slice of Finance Team
08 Oct

Key Highlights:

  • Vestigo Ventures joins $22M Series B round in Roots Automation.

  • Roots Automation's InsurGPT™ leverages AI to transform unstructured data for insurance.

  • Funding to fuel market expansion and product innovation.

  • Roots Automation supports 35 US-based insurance companies with AI-driven solutions.

Notable Quotes:

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“Thanks to investment from innovators like Vestigo Ventures, we can accelerate the development of solutions to help insurance businesses succeed by providing outstanding protection and service to policyholders.”

Chaz Perera, Co-Founder and CEO at Roots Automation
❝

"Roots has consistently outperformed competitors by solving the complex unstructured data problem that plagues the industry."

Ian Sheridan, Co-Founder and Managing Partner at Vestigo Ventures

Our Take:

This Series B investment highlights the growing importance of AI in transforming industries like insurance, where unstructured data has long been a challenge. Roots Automation, with its proprietary InsurGPT™ and advanced AI capabilities, is positioned to lead in solving these problems. Vestigo Ventures' continued support showcases confidence in the AI-driven future of insurance, making this partnership crucial for market growth and innovation over the next few years.