Robot-assisted process automation uses software robots that can mimic human interaction with user interfaces of software systems. As a virtual worker with its own read and write permissions, the robot then automatically fills fields in databases. These automated processes have nothing to do with artificial intelligence – and that's precisely what Interloom wants to change.
Behind Interloom is a Team around co-founder and managing director Fabian Jakobi, which already founded the knowledge graph company Boxplot. They successfully sold this company to Hyperscience, a New York-based ML/AI startup in document automation, at the end of 2021. In a Blog post Jakobi explains that similar AI methods could be used in the future to extract information from video recordings, call logs, or notes, allowing AI software to learn how professionals actually work. AI solutions based on the same underlying AI methods that power today's large language models could then be used to automate many parts of these tasks.
Interloom has now completed its first round of financing. Led by London-based investor Air Street Capital, which specializes in early-stage AI startups, 2.8 million euros (3 million dollars) flowed into the Munich-based Startup.
Nathan Benaich, Founder and General Partner of Air Street Capital, explained:
"The Interloom team rejects the industry standard of layering more layers or plug-ins on top of legacy technology. Instead, they are building a cloud- and model-agnostic foundation for the era of AI-powered enterprise automation."
