The Robotic Process Automation (RPA) industry is quickly becoming one of the most lucrative markets around. A $3,2 billion industry in 2016 which is projected to spike up to $90 billion by 2025
THE AI DRIVEN RPA MARKET
In 2018, the global AI market is expected to be worth approximately 7,35 billion U.S. dollars.
Worldwide the AI market will reach $89,8 billion by the end of 2025. This growth is mainly propelled by increased investments in AI revolutionizing how we do business.
Total media ad spending worldwide will rise 7.4% to $628.63 billion in 2018, according to eMarketer’s latest report. Digital media will account for 43.5% of investments, thanks to rising global ecommerce spending and shifting viewership from traditional TV to digital channels.
Apple may have Siri and Amazon have their Kiva robots, but we have Kate (K8)!
The media industry is currently experiencing a major paradigm shift; technology, timing and automation play an increasingly more important role in customer acquisition. Our AI powered Kate (K8) robot development is supported by the Research Council of Norway and developed together with some of the worlds leading companies and industry experts.
Finalist for the SmartCompany Smart50 awards for Fastest Growing Company and Top Digital Innovator.
Since our launch in 2013, we have experienced 75% year-on-year annual revenue growth. An increasing proportion of this revenue is moving towards technology and license fees. The company finalised a seed round of $750,000 in 2015 to support the increased focus on technology development. The development of the Ignite and Illume technologies is currently co-funded by the Norwegian government’s technology fund, Innovation Norway.
Successful Series A capital raise to support our international expansion and technology development
Together with Sparebank Corporate Finance, the company successfully finalised its Series A funding in Q217. This will allow the company to further expand its geographical footprint in the APAC markets as well as continued development of the K8 robot technology.