[Funding alert] Copenhagen-based Go Autonomous Secures €10 Million in Series A Round Funding

Thursday 15, 2024 | By Startup Rise EU

Copenhagen-based Go Autonomous secures €10 million in series A round funding. Ridge Ventures and Octopus Ventures led the round, with participation from 42Cap and EIFO, two current investors.

Copenhagen-based Go Autonomous secures €10 million in series A round funding. Ridge Ventures and Octopus Ventures led the round, with participation from 42Cap and EIFO, two current investors.

Read also - Copenhagen-based Pluto.markets Secures €2.4 Million in Funding

The company's journey has reached a major turning point with its most recent investment, solidifying its standing as a disruptor in the B2B digital commerce market.

Bjarke Ruse Sejersen, Founder and CEO of Go Autonomous, commented: “We’re excited to accelerate our product adoption in Europe and the UK, and begin laying the groundwork for our expansion into the USA, thereby further reinforcing our commitment to revolutionizing the landscape of B2B commerce software.”

The majority of businesses in the B2B sector rely significantly on email as their main transactional channel, which contributes significantly to their revenue.

Understanding the importance of email in business-to-business transactions, Go Autonomous has created a cutting-edge AI-driven software as a service (SaaS) solution that can recognize the purpose of emails that arrive in an inbox, extract and organize the required data, and instantly integrate it with enterprise systems to facilitate end-to-end automation of quotes and orders.

Read also - Stockholm-based MANTLE Raises over €2.8 Million in Funding

Customer care agents have shown that using this solution may save them about 30% of time, freeing them up to concentrate on value-added duties like cross-selling and upselling. In addition, the system gives customers access to analytical information directly from their email inbox, which they can utilize for forecasting and planning.

Conor Scanlan at Octopus Ventures, said: “We are delighted to be supporting Go Autonomous in accelerating their presence in the UK market. At Octopus Ventures, we are committed to investing in the businesses that will change the world. “Go Autonomous is addressing a critical challenge in B2B digital commerce, and we believe their platform has the potential to transform how businesses operate.”

Akriti Dokania at Ridge Ventures added: “The automation software market has historically been dominated by horizontal players that are bulky and high-friction. Go Autonomous’ AI-powered commerce solution flips the script by offering a seamless, efficient, and scalable alternative that prioritizes the most critical workflows in B2B sales: purchase orders. Gone are the days of manually scanning emails for invoice details and inputting them into an ERP. Bjarke and his team, who’ve previously helped automate complex workflows in legacy industries, are turbocharging manufacturing, aviation, and other sectors hampered by lethargic B2B sales processes.”

About Go Autonomous

Go Autonomous founding in 2020, the Go Autonomous platform promptly garnered attention from prominent manufacturers and distributors in the Nordic region. After being entirely self-funded for the first 1.5 years, the business raised $3.3 million in a seed round in 2022 from 42Cap and EIFO. B2B trade, made easier.

Read also - Vilnius-based Axiology Secures €2 Million in Funding

Companies can digitize manual quotes and orders in the quickest possible method. In essence, they are facilitating real-time business-to-business communication between organizations through the use of email, PDFs, photos, and other resources.

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