Flexible staffing app secures £3m funding to develop machine learning tech
A firm specialising in on-demand staffing has secured £3m investment in its latest funding round.
Rota has secured the multi-million pound funding in a round led by London investment firm Puffin Point.
Launched in 2015, Rota specialises in on-demand staffing through its app, which uses algorithm and machine learning to match workers to clients.
The firm plans to use the investment to enhance its current proposition and develop its self-built technology.
Stephen Segel, CEO of Rota, commented: “The funding round will enable us to continue our high growth, increase our revenue and client expansions, marketing and further enhance our market leading technology. Rota will also move into additional flexible staffing verticals in 2020.
“We remain as ambitious as always to build our business to exceed our clients’ high service and technology requirements and our candidates receive opportunities, training and engagement.”
Cameron Ogden at Puffin Point added: “We are incredibly excited about the team at Rota, who have shown consistent performance as they have built out their platform.
“We believe the industry is ready for Rota and we see huge growth potential in the business model.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
Teesside deserves more than cashback devolution
Construction must be built on commercial discipline
Devolution needs financial firepower to drive growth
The value of creating a stronger careers route
Apprenticeships: Invest in talent or keep chasing it
Are you ready for salary transparency?
Confidence the key to our artificial intelligence future
The missing piece of the puzzle in the NEET crisis
The North East investment story needs two engines
We must forge change to close the skills gap
Creating the conditions for North East talent to thrive
Time to end London monopoly on arts talent