LatentBridge, the intelligent automation firm, today announced it has secured investment from Innvotec Technology Fund and Female Ventures Fund to accelerate its growth further.
LatentBridge was set up in 2018 with a mission to make Intelligent Automation accessible to every enterprise. To achieve that aim LatentBridge is now offering a market-leading pay-as-you-go SaaS platform and proprietary automation solutions harnessing robotics process automation, artificial intelligence, machine learning and smart analytics.
Innvotec is one of the UK’s longest established AIFM firms, having been founded in 1986. The focus has always been on investment in early-stage growth technology firms and related areas. Innvotec is also very involved in the venture capital and private equity investment sectors.
“We are very excited about the support and confidence Innvotec has shown in us. They know the space well and could see the differentiator we had created. LatentBridge is well-positioned to accelerate its growth through its game-changing intelligent automation SaaS platform and pre-built industry-specific automation solutions” said Hema Gandhi, CEO of LatentBridge.
“The pandemic has created a large need for automation solutions that improve efficiency and speed to market. But large upfront investments make it unaffordable for many firms. This where LatentBridge’s innovative solutions and platform comes in. We were impressed by the leadership team under Hema, and the traction they have managed to get in such a short period of time. We are glad to partner with them and look forward to continued relationship.” said Chris Buchanan, CEO of Innvotec Ltd.