Element5, an Automation as a Service solution leveraging AI and RPA for post-acute care, announced that closed $15 million in Series A funding.
The round was led by global private equity and venture capital firm Insight Partners, with participation from industry leaders, Maxwell Investment Partners, LLC.
Element5 will use the financing to accelerate the growth of its world-class product for post-acute care while strengthening its market foothold through customer expansion and scaling of global operations.
Company: Element5 Inc.
Raised: $15.0M
Round: Series A
Funding Month: August 2021
Lead Investors: global private equity and Insight Partners
Additional Investors: Maxwell Investment Partners, and LLC
Company Website: https://www.e5.ai/
Software Category: Automation as a Service solution leveraging AI and RPA
About the Company: Founded in 2019, Element5 uses Artificial Intelligence (AI) and Robotic Process Automation (RPA) to deliver SaaS-based automated workflows for home health, hospice, senior living, skilled nursing, and other allied healthcare verticals. Element5 delivers end-to-end workflow automation that uses software robots, which log into everyday systems and perform daily administrative tasks exactly like a human would, helping teams save hours on repetitive clicks.
Source: https://www.prnewswire.com/news-releases/element5-raises-15-million-series-a-to-help-post-acute-care-spend-less-time-on-administrative-work-301356445.html