There were two major funding announcements in the intelligent automation and RPA space this week.
Boston-based airSlate, which provides no-code workflow automation technology, document management solutions, e-signature capability, contract templates and more to small businesses globally, announced it has secured $51.5 million in new funding. The funding round was led by venture capital firm G Squared and includes the launch of a strategic partnership with RPA technology provider UiPath. New York City-based UiPath chose airSlate as the first investment of its new UiPath Ventures initiative and will provide capital and resources for its new partner.
“UiPath Ventures invests in companies that impact the world around us and further our purpose of accelerating human achievement. airSlate falls firmly into that category,” said Vijay Khanna, chief corporate development officer at UiPath. “Borya’s clear and ambitious vision for the company has helped drive impressive traction in a short period of time. We look forward to working together to harness the power of the UiPath platform and bring it to the millions of users and small businesses who rely on airSlate to keep their businesses running.”
Separately, Irish conversational AI technology provider Webio received a $4 million Series A funding round. Webio, which focuses on the credit, collections and payments industry, will use the capital infusion to more fully develop its tech that enables these companies to communicate conversationally via digital channels with customers.
“Conversations about money are stressful and difficult, not only for the customer but also for agents tasked with having these conversations,” said Cormac O’Neill, co-founder and CEO at Webio. “Going digital means companies can create a whole new set of digital experiences that help customers feel more confident in having those difficult conversations and ultimately, stop them from falling into unnecessary and significant financial difficulty. And we are excited that Webio’s conversational AI is enabling companies to engage with customers in a more empathetic manner, at scale.”
The Series A round was led by Finch Capital.