Moneta Ventures leads seed round as HuLoop pioneers user-friendly, affordable AI-driven intelligent automation for financial services and retail/CPG sectors.
West Coast-based HuLoop Automation, a front-runner in AI-powered intelligent automation, has successfully closed a $5 million seed round, marking a milestone in its mission to revolutionize automation for clients in financial services and retail/CPG. Moneta Ventures led the round, with notable participation from Rebellion Ventures, Growth Factory, Vibranium VC, Nurture Ventures, Insta VC, and others.
Unlike traditional automation solutions that often involve complex implementations and high costs, this 2022-founded startup adopts a groundbreaking approach. It integrates cutting-edge technologies with human-in-the-loop processes to enhance Robotic Process Automation (RPA), Business Process Management (BPM), and Test Automation, ensuring faster results and unparalleled ease of use.
Todd P. Michaud, CEO of HuLoop Automation, expressed the company’s vision, stating, “Our goal at HuLoop is to democratize automation, making it accessible to non-technical professionals and companies of all sizes. This funding allows us to enhance our platform, bringing the benefits of AI-driven automation to more businesses for increased productivity and efficiency.”
Lokesh Sikaria, Managing Partner at Moneta Ventures, emphasized HuLoop’s potential to lead the next wave of innovation in the automation industry. Sikaria praised HuLoop’s innovative approach and commitment to customer success, highlighting Moneta Ventures’ excitement in being part of their journey.
The infusion of capital will empower HuLoop Automation to expand its team, hasten product development, and scale operations to meet the growing demand for its user-friendly, cost-effective AI-driven automation solutions.
