September 17, 2024: Roots Automation Secures $22.2M for AI Insurance Efficiency - Roots Automation raised $22.2M in a Series B round led by Harbert Growth Partners to enhance efficiency in insurance firms using its generative AI model, InsurGPT. Their Digital Coworker, built atop InsurGPT, helps transform unstructured data into actionable insights, improving decision-making in areas like premiums pricing and claims processing. The technology has yielded significant benefits, including reduced handling times and increased accuracy, helping 35 U.S. clients save costs. The funding will fuel market expansion and product development.
