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Singapore-based AI Automation Company, bluesheets, Secures Series A Funding of US$6.5M, driving AI Innovation in Process Automation

January 23, 2024

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bluesheets, a Singapore-based AI automation software company, has raised US$6.5M in a Series A funding round. The investment, led by Illuminate Financial will be instrumental in advancing bluesheets' proprietary AI capabilities, propelling them in helping more clients digitize and automate their processes to stay competitive in the era of AI. The round also saw the return of key investors from previous cycles including Insignia Ventures Partners, Antler Elevate and 1982 Ventures.

bluesheets is using millions of financial data points to train AI models for process automation across industries. The Series A funding will enable the company to further enhance its AI capabilities, accelerating growth in key markets such as APAC and the US. The company will capitalize on this investment by further penetrating target industries including financial services,insurance, supply chain and procurement, manufacturing, and more, while reinforcing its commitment to serving existing industries in accounting, finance, and hospitality.

The infusion of fresh capital will also support strategic hires at the management level, bringing in talent from established tech companies. These key additions will drive bluesheets' expansion into enterprise clients within target industries and geographies.

The company recognizes the challenges that businesses still face today with the processing of unstructured data in multiple formats, languages, currencies, and from both digital and physical sources. bluesheets is set to diversify its product range to cater to the growing and diversifying demand for AI-based data processing, adding to the existing list of major financial institutions and 100+ SMEs that presently power their automated workflows with bluesheets. As with the adoption of most emerging technologies, businesses who embrace such AI technologies will get a headstart in seizing the intrinsic value that these advancements can bring, putting them ahead of the AI-led data transformation curve.

"bluesheets is on a mission to redefine the landscape of data processing and process automation. Our Series A funding, led by Illuminate Financial, marks a pivotal moment for us as we accelerate the development of our AI product range," said Christian Schneider, CEO and Co-founder of bluesheets. "This investment not only strengthens our position as a leader in the AI automation space but also underscores our commitment to providing innovative solutions that empower businesses across different sectors and geographies."

"This Series A funding round is a testament to the value that bluesheets has already delivered to our customers, as well as a validation of the needs of customers in the market today," said bluesheets’ COO and Co-founder Clare Leighton. "Our commitment to innovation and addressing the evolving needs of enterprise clients positions us as a strategic partner in their digital transformation journey. The funding will not only fuel our expansion into new markets but also enable us to provide more integrations to off-the-shelf tools, adding to our current selection that includes Google, Microsoft, SAP and more.

"bluesheets is dedicated to staying ahead of the curve and anticipates that its ability to provide robust and analytic-ready data is fundamental to advanced workflow automation with the growth of computational power. The company remains steadfast in its mission to revolutionize data processing and process automation, offering customizable AI solutions that empower clients to overcome challenges and achieve unparalleled efficiency.

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