Decision-making platform secures investment supporting international expansion
Asset management firm Gresham House Ventures has announced it is investing in business automation platform Rainbird.
The investment will be used for the ongoing commercialisation of the Rainbird proposition, allowing the company to build on its international growth strategy.
With offices in London and Norwich, the company has plans to expand to the US as well as developing a global partner network.
Founded in 2013, Rainbird uses technology to deliver best-practice decision-making for businesses, using a combination of Robotic Process Automation (RPA) and human expertise from subject matter experts.
James Duez at Rainbird commented: “Rainbird is thrilled to introduce Gresham House to how our automation platform paves the way for any organisation to case-effectively synthesize best-practice decision-making and make it available at scale.
“We believe people are an organisation’s most valuable resource and businesses that combine human expertise with Rainbird will gain a definitive competitive advantage.”
Gresham House Ventures, which invests up to £5m into growing enterprises, had recent success within the RPA sector, having invested in RPA consultancy Symphony Ventures which sold for £52m at the end of 2018.
Gresham House investment director, Brendan Gulston, said: “The Rainbird team has done a fantastic job of building a game-changing business within the automation space.
“The quality of their clients and pedigree of the management team speak to the potential we see in this business to become a true disruptor, not just within the RPA space, but within all of the industries ripe for the efficiencies generated by intelligent automation.”
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