Mimica Automation, a London-based software company, builds AI that learns to automate repetitive computer tasks, announced that it has secured £4.4 million in Series A funding from Khosla Ventures.
This new investment intends to help to further the company’s growth by establishing a sales team in the US and multiplying its investment in R&D.
Also, the company will support the product development and global expansion, scale the team from 15 to 50 over the next two years. It will hire a US-based Head of Sales, and various roles across engineering, data science, sales, and marketing in both the UK and US.
Company: Mimica Automation
Raised: £4.4M
Round: Series A
Funding Month: November 2021
Lead Investors: Khosla Ventures
Additional Investors:
Company Website: https://mimica.ai/
Software Category: AI-powered robotic process automation (RPA)
About the Company: Co-founded by Tuhin Chakraborty and Raphael Holca-Lamarre in 2017, Mimica accelerates the deployment of robotic process automation (RPA) using AI. It has helped customers including Dell, Hexaware, Experis, and Ironbridge to reduce bot deployment lead time, driving efficiencies across their businesses. Instead of being explicitly programmed, Mimica’s software learns to perform tasks by observing users. Its algorithms record clicks and keystrokes, identify patterns in the data, and generate automation, enabling computers to produce useful work autonomously.
Source: https://www.uktech.news/news/london-startup-mimica-funding-20211115