Rossum gets USD 100m, research to be in Prague

Published: 21.10.2021 Related countries:  New Zealand New Zealand, Australia Australia

Rossum will use the acquired funding towards further expansion and reaching the world’s number one position in automated business communication.

Czech start-up Rossum has obtained USD 100m for further development from investors. Miton (one of the investors) added the investment round was led by US venture capital fund General Catalyst, joined by Rossum’s existing investors, British funds SeedCamp and Local Globe and Czech Miton.  

Rossum will use the acquired funding towards further expansion and reaching the world’s number one position in automated business communication.  

Technologies with artificial intelligence save people up to 90% of manual work related to processing documents that flow between companies.  

Therefore, in the coming years, Rossum plans to hire hundreds of highly qualified people in artificial intelligence research, product development, and marketing and commerce. The plan also includes a research centre in Prague.

Source: Daily news | ČIA news
Czech Trade and Czech Invest Sydney