The most agile and innovative companies will rely on AI-powered digital “coworkers” alongside creative humans to enhance productivity and increase profits. Roots Automation has built the first zero integration, self-learning Digital Coworker (pre-trained bot) that can perform a variety of common tasks found in Insurance, Healthcare, and Financial Services roles. Through interactions with human counterparts, the pre-programmed bots increase their capabilities and become more efficient, better at understanding the business, and eventually have the capacity to offset the work of four to eight individuals on average per bot. AlleyWatch caught up with CEO and Cofounder Chaz Perera to learn more about the company, how his time as Chief Transformation Officer at AIG provided the inspiration for the Roots Automation, and the company’s first funding round led by Vestigo Ventures.
One of the biggest challenges with multi-location franchises or businesses is ensuring that there is brand consistency throughout all the locations. Notch is the first software that systematically introduces processes to methodically plan and furnish multiple spaces. Notch’s Furniture, Fixtures and Equipment (FF&E) procurement software creates tools allowing users to template repetitive workflows, automate multi-vendor purchasing, centralize project data, and track inventory assets. AlleyWatch caught up with Founder Charlie Miner to learn more about Notch and the services it offers for its clients in the hospitality, flex office, restaurant, and retail industries.
Industrial companies are constantly seeking new ways to keep their workforces safe and KINETIC has been one of the key solutions. The company’s patented wearable device, Reflex, detects unsafe postures and provides real-time alerts to employees whenever they are engaging in high-risk motions. The company’s dashboard layers software so that managers and safety personnel can have a bird’s eye view into safety and incident data; now address workplace issues with a data-driven approach. AlleyWatch caught up with CEO and Cofounder Haytham Elhawary to learn about KINETIC’s technology is keeping workforces globally safe, how warehouses are able to leverage the platform, and the company’s recent funding round from investors that include Crosslink Capital, Primary Venture Partners, Nationwide Ventures, Prologis Ventures, and Ubiquity Ventures.
The next step in the financial evolution has welcomed the applications of immersive Augmented and virtual realities. AR and VR can transform traditional banking and financial services into staggering, visual experiences by developing a personalized, face-to-face virtual environment.
Approximately 75% of in-house legal teams are concerned about overspending on outside counsel when the need arises. Priori is the legal marketplace that changes how in-house teams find, hire, and manage outside counsel by providing access to 1500+ highly vetted attorneys in 700+ practice proficiencies. Priori’s clients, which consist of Fortune 500 companies and scaling tech companies, have saved 60% on average versus relying on traditional legal services. AlleyWatch caught up with CEO and Cofounder Basha Rubin to learn more about Priori’s growth, future plans, and recent funding round from investors that include Hearst Corporation, Great Oaks Venture Capital, Jambhala, Tim Steinert, Jules Miller of Mindset Ventures, Mike Suchsland of Bridge Investments, and Orrick’s Legal Technology Fund.
The importance of agile supply chains has never before been more important as companies need to adjust quickly to respond to market volatility, economic uncertainty, and shifts in consumer behavior. Gooten is an e-commerce supply chain platform for the on-demand manufacturing of printed items that allows merchants to quickly route and fulfill orders from over 45 global manufacturers seamlessly. This is done through a simple API that allows e-commerce stores to turn images into print-ready files, verify addresses, list products, optimize shipping, and more. AlleyWatch caught up with CEO Brian Rainey to learn more about Gooten, the impact it’s making in expanding online commerce, and the company’s future plans.
ShopKeep, the integrated POS solution provider, has agreed to be acquired by Montreal-based Lightspeed. The acquisition is for $440M in a cash and stock deal based on Lightspeed’s current stock price.
The notable startup fundings for the week ending 11/7/20 featuring funding details for Unlearn.AI, Pony.AI, and three more rounds you must know about. It was a slow week as all eyes were focused on the election.