Leading Startup Accelerator: StartupBay invests 1.2 million dollars in Rocket AI
- ByStartupStory | March 19, 2022
A leading startup accelerator, StartupBay, invested 1.2 million dollars in Rocket AI for a 10% stake in the company. Rocket AI is a first-ever integrated all-in-one digital transformation platform combining capabilities of low-code and no-code technologies with Robotic Process Automation (RPA) and Artificial Intelligence (AI). This partnership is a seed funding round investment in the company.
Rocket AI’s current product portfolio includes integrated ERP, CRM, e-commerce modules to enable businesses to tap into powerful e-comm channels. The RPA capabilities help to automate painful and extensive data entry operations and workflow management, and its AI capabilities capture data from unstructured data sources.
Amit Jain, Managing Partner, StartupBay, said that they are pleased to partner with Rocket AI. This partnership is not just limited to funding, but StartupBay will also accelerate the existing enterprise-ready Rocket AI platform in order to bring significant technological advances and build domain-specific solutions configured upon all in one digital transformation platform. They aim to make the right investments and effective strategic partnership in order to help startups scale up their businesses in the longer run.
Salil Mehendale, Founder and CEO of Rocket AI said that they are elevated and extremely confident about their partnership with StartupBay as both of them share a similar vision of digitally transforming every last enterprise on the planet. They have a technology which is business user friendly and with this partnership, they will be able to take their technologically advanced solutions all in one digital transformation to the global markets such as Europe, Asia, Middle East, and America.
The StartupBay Accelerator program through its various partnerships has helped over 5000 founders enabling them with tools and resources to build successful companies. StartupBay is expecting to make strategic investments in more innovative technology startups and help entrepreneurs scale.
Follow Startup Story
Related Posts
