Founded Year

2018

Stage

Series B | Alive

Total Raised

$57.4M

Valuation

$0000 

Last Raised

$22.2M | 1 yr ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-61 points in the past 30 days

About Roots

Roots specializes in AI-driven solutions for the insurance industry, focusing on automating underwriting, claims, and policy servicing processes. The company offers an AI agent platform that supports insurance operations through data extraction, processing, and workflow orchestration. Roots primarily serves the insurance sector, providing tools that enhance operational efficiency and accuracy for insurers. The company was formerly known as Roots Automation. It was founded in 2018 and is based in New York, New York.

Headquarters Location

88 Pine St. Suite 1800

New York, New York, 10005,

United States

Loading...

ESPs containing Roots

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

The claims analytics software market enables insurance companies to automate claims adjuster workflows and derive insights from claims data. These solutions may leverage data analytics, generative AI, robotic process automation, statistical modeling, and machine learning techniques to help insurers gain a deeper understanding of their claims processes, improve decision-making, and optimize claims …

Roots named as Challenger among 15 other companies, including UiPath, Verisk, and Appian.

Roots's Products & Differentiators

    Roots Agentic AI Platform - Enterprise Edition

    The Roots Platform is designed for business users, requiring no IT support. The Platform allows users to create and manage their own AI Agents using natural language prompts to train, deploy and manage the workflows of AI Agents.

Loading...

Research containing Roots

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Roots in 5 CB Insights research briefs, most recently on Oct 16, 2025.

Expert Collections containing Roots

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Roots is included in 12 Expert Collections, including Robotic Process Automation.

R

Robotic Process Automation

322 items

RPA refers to the software-enabled automation of data-intensive tasks that are low-skill but highly sensitive operationally, including data entry, transaction processing, and compliance.

I

Insurtech

4,636 items

Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence (AI)

37,207 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

F

Fintech

9,809 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

G

Generative AI

2,951 items

Companies working on generative AI applications and infrastructure.

I

Insurtech 50 (2024)

50 items

Report: https://www.cbinsights.com/research/report/top-insurtech-startups-2024/

Roots Patents

Roots has filed 2 patents.

The 3 most popular patent topics include:

  • information technology management
  • data management
  • diagrams
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/6/2020

6/28/2022

Data management, Software testing, Information technology management, Diagrams, Software architecture

Grant

Application Date

1/6/2020

Grant Date

6/28/2022

Title

Related Topics

Data management, Software testing, Information technology management, Diagrams, Software architecture

Status

Grant

Latest Roots News

(At a CAGR of 18.2%) Autonomous Finance Market to Hit $82.58 Billion, by 2032 | NICE Actimize,Emagia, Vic.ai, HighRadius

Jul 7, 2025

STATES, July 7, 2025 / EINPresswire.com / -- Allied Market Research published a report, titled, " Autonomous Finance Market by Solution (Asset Management, Auto Payments, Digital Identity Management System, Liquidity Management, Loan Application Processing, and Others), and End User (Banks, Financial Institutions, Insurance Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global autonomous finance industry generated $15.8 billion in 2022, and is anticipated to generate $82.6 billion by 2032, witnessing a CAGR of 18.2% from 2023 to 2032. ➡️Request Research Report Sample & TOC : https://www.alliedmarketresearch.com/request-sample/A278704 Prime determinants of growth Advancements in artificial intelligence (AI) are driving the growth of the autonomous finance market. Furthermore, consumer demand for convenient and personalized financial services, and cost efficiency and risk management are significant drivers behind the rapid growth of the autonomous finance market. In addition, increase in adoption of financial technology, or FinTech, is expected to offer lucrative growth opportunities to the autonomous finance market in the upcoming years as FinTech innovations have transformed the way consumers manage and interact with their finances, from mobile banking apps to digital payment platforms. The global autonomous finance market was valued at $15.8 billion in 2022, and is projected to reach $82.6 billion by 2032, growing at a CAGR of 18.2% from 2023 to 2032. The auto payments segment to maintain its dominance during the forecast period By solution, the auto payments segment held the highest market share in 2022, accounting for more than one-third of the global autonomous finance market revenue and is estimated to maintain its dominance during the forecast period. This is attributed to an increase in integration of smart technologies. These technologies enable automatic and seamless payment processes. In addition, the rise of contactless payment methods and mobile apps makes it easier for people to make transactions, enhancing convenience and efficiency. However, the liquidity management segment is projected to attain the highest CAGR of 25.1% from 2023 to 2032, owing to the need for businesses and individuals to effectively manage their cash flow. The banks segment to maintain its dominance during the forecast period By end user, the banks segment held the highest market share in 2022, accounting for around half of the global autonomous finance market revenue, and is estimated to maintain its dominance during the forecast period. The growth of the banks segment is propelled by advancements in artificial intelligence and machine learning technology enabling banks to automate complex financial tasks, improving efficiency and reducing errors. Furthermore, customer demand for more convenient and personalized financial services has led banks to adopt autonomous systems that can deliver tailored recommendations and services in real-time. However, the financial institutions segment is projected to attain the highest CAGR of 22.1% from 2023 to 2032, owing to the fact that financial institutions are increasingly digitizing all services, including retail offers, payment platforms, and wealth and capital management processes. Furthermore, customers increasingly seek personalized and convenient financial services, driving institutions to adopt autonomous systems that can provide tailored solutions in real time. ➡️Request Customization We offer customized report as per your requirement : https://www.alliedmarketresearch.com/request-for-customization/A278704 North America to maintain its dominance by 2032 Region-wise, North America held the highest market share in terms of revenue in 2022, accounting for around two-fifths of the global autonomous finance market revenue, and is estimated to maintain its dominance during the forecast period, owing to increase in adoption of artificial intelligence and machine learning technologies in the financial sector, growing demand for personalized financial services, need for more efficient and cost-effective financial management, and development of advanced fintech solutions. However, Asia-Pacific is expected to witness the fastest CAGR of 22.1% from 2023 to 2032. This is attributed to rapid digitalization, vast and diverse consumer base, and an increase in penetration of smartphones and internet connectivity in Asia-Pacific. Leading Market Players: - Signzy Technologies Private Limited Roots Automation ReGov Technologies Sdn Bhd Fennech Financial HighRadius Oracle Auditoria.AI Vic.ai Emagia NICE Actimize The report provides a detailed analysis of these key players of the global autonomous finance market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. ➡️Inquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A278704 Key Benefits for Stakeholders This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the autonomous finance market analysis from 2022 to 2032 to identify the prevailing autonomous finance market opportunity. The market research is offered along with information related to key drivers, restraints, and opportunities. The Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network. In-depth analysis of the autonomous finance market segmentation assists to determine the prevailing autonomous finance market opportunities. Major countries in each region are mapped according to their revenue contribution to the market. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. The report includes the analysis of the regional as well as autonomous finance market trends, key players, market segments, application areas, and market growth strategies. Autonomous Finance Market Report Highlights Aspects Details By Solution Asset Management Auto Payments Digital Identity Management System Liquidity Management Loan Application Processing Others By End User Banks Financial Institutions Insurance Companies Others By Region North America (U.S., Canada) Europe (UK, Germany, France, Italy, Spain, Rest of Europe) Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa) ➡️Buy Complete Report at Discounted Price @ https://www.alliedmarketresearch.com/checkout-final/47a13b2e067f78cb7d99a5efb6100588?utm_source=AMR&utm_medium=research&utm_campaign=P19623 Trending Reports: Insurance Third Party Administrator Market https://www.alliedmarketresearch.com/insurance-third-party-administrator-market-A12542 Contactless Payments Market https://www.alliedmarketresearch.com/contactless-payments-market Virtual currency Market https://www.alliedmarketresearch.com/virtual-currency-market Asset Finance Software Market https://www.alliedmarketresearch.com/asset-finance-software-market-A206331 Loan Origination Software Market https://www.alliedmarketresearch.com/loan-origination-software-market-A15124 Decentralized Finance Market https://www.alliedmarketresearch.com/decentralized-finance-market-A200418 IoT Insurance Market https://www.alliedmarketresearch.com/iot-insurance-market-A09784 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact Us: United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com David Correa Allied Market Research email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Roots Frequently Asked Questions (FAQ)

  • When was Roots founded?

    Roots was founded in 2018.

  • Where is Roots's headquarters?

    Roots's headquarters is located at 88 Pine St., New York.

  • What is Roots's latest funding round?

    Roots's latest funding round is Series B.

  • How much did Roots raise?

    Roots raised a total of $57.4M.

  • Who are the investors of Roots?

    Investors of Roots include Vestigo Ventures, MissionOG, Liberty Mutual Strategic Ventures, Harbert Growth Partners, Erie Strategic Ventures and 9 more.

  • Who are Roots's competitors?

    Competitors of Roots include Indico Data, Quandri, Federato, omni:us, Gradient AI and 7 more.

  • What products does Roots offer?

    Roots's products include Roots Agentic AI Platform - Enterprise Edition and 4 more.

Loading...

Compare Roots to Competitors

P
PaperBox

PaperBox provides document processing and workflow automation for the insurance industry. The company's offerings include automating email triage and task assignment to improve operational processes. PaperBox serves the insurance sector with solutions that assist in claims and policy administration. It was founded in 2021 and is based in Gent, Belgium.

Kalepa Logo
Kalepa

Kalepa focuses on enhancing underwriting performance in the commercial insurance industry. The company's main service is an artificial intelligence (AI)-powered underwriting workbench, which helps underwriters focus on high return on investment opportunities, quickly evaluate submissions, and understand the hidden risks associated with each case. It primarily serves the commercial insurance industry. It was founded in 2018 and is based in New York, New York.

Hypatos Logo
Hypatos

Hypatos develops artificial intelligence systems to automate document data capture and processing. Its technology captures data points from documents, performs validations, and automates processes like accounting, travel and expenses, loan underwriting, and claims processing. The company was founded in 2018 and is based in Potsdam, Germany.

Send Technology Logo
Send Technology

Send Technology provides underwriting software for the commercial insurance sector. Its offerings include an underwriting workbench that automates the underwriting process, as well as tools for data integration and compliance management. The platform serves insurers and managing general agents (MGAs), facilitating operational efficiency and data-driven decision-making. It was founded in 2017 and is based in London, United Kingdom.

Convr Logo
Convr

Convr is a company focused on AI-driven underwriting solutions for the commercial property and casualty insurance industry. Their offerings include a modularized underwriting workbench that improves the underwriting process through data enrichment, risk scoring, and document processing. Convr serves commercial P&C carriers, reinsurers, managing general agents, and underwriters. It was founded in 2015 and is based in Schaumburg, Illinois.

Cogniquest Logo
Cogniquest

Cogniques focuses on document intelligence within the information technology sector. The company specializes in automating the extraction of insights from unstructured and semi-structured documents, offering services such as data extraction, classification, validation, and anomaly detection. Cogniquest primarily serves sectors that require document automation, such as finance, healthcare, and legal industries. It was founded in 2022 and is based in Bengaluru, India.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.