thought leadership

UK startup Autto raises $1m funding

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From UK Tech News.

London-based Autto, a simplified automation provider, has announced that it has raised $1m in funding in its second significant round since the company launched in February 2018.

The finance has been raised from existing angel investors, a UK government grant, and new investment from Tangible, a corporate legal platform in the US.

Autto offers simplified automation capabilities via its SaaS-based platform. Organisations use Autto to create workflows to automate routine tasks, enabling staff to spend more time doing the jobs that they love. It is targeted at professional sector organisations who are keen to embrace emerging technologies but struggle with the cost and complexity of current high-end solutions.

New investment from Tangible, and private investment from Tangible’s founders was secured after the company trialled Autto’s solution on existing Fortune 500 clients with impressive results. Using Autto, Tangible will be building out workflows in core areas and will make them available via self-service or customised service, removing the need for customers to build their own workflows and increasing the adoption rate.

CEO and co-founder Ian Gosling said: “This funding announcement is a huge milestone in Autto’s journey. It signifies a growing appetite for our solution and an affirmation of the need for simple-to-implement technologies in the workplace.

Automation provider Autto has raised $1m in funding through a combination of UK government grant funds, angel investment and participation from UK legal platform Tangible.

The funding will be used to evolve the London firm’s SaaS platform, which is designed to deliver simple automation.

The funds will also fuel further research, in partnership with the University of Exeter, into the adoption of ‘lawtech’.

Autto’s technology is designed to automate routine tasks, enabling staff, and is targeted at professional sector organisations keen to embrace emerging technologies.

Ian Gosling, CEO and co-founder of Autto said, “This funding announcement is a huge milestone in Autto’s journey. It signifies a growing appetite for our solution and an affirmation of the need for simple-to-implement technologies in the workplace.

“We have great ambitions for the company and this funding will help us to expand our capabilities and help our customers on their automation journeys.”

Robert Reynolds, Founder & CEO at Tangible added: “Autto provides a simple yet effective solution to the needs of our internal and external clients.”

Co-founders Ian Gosling, Max Cole and Krisztián Kerék have sustained interest from angel investors led by serial technology angel, Sean Phelan, demonstrating a continued confidence in the success of Autto.

New investment from Tangible was secured after the company trialled Autto’s solution on existing Fortune 500 clients.

“We’ve seen first-hand the benefits derived from the creation of its workflows, and we wanted to play a part in its future development.”

“Autto provides organisations with a dynamic platform to automate the necessary to enable the exceptional. To drive adoption, Tangible will be building out a library of workflows (what we call Catalysts) and launching them into the market in the coming months in partnership with Autto.

“We are excited about the possibilities of working with Autto to help drive the next stage of its journey.”

View full article here

 

Why automation is essential for the future of SMEs

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From SME Technology Guide

We have been featured in the latest issue of the SME Technology Guide. Take a look below for an overview of what Ian Gosling covers in this informative article.

You don’t have to look far to see an example of a company taking advantage of advanced technology within their business today.

AUTTO founder, Ian Gosling looks at why automation is essential for the future of SMEs despite research suggesting that adoption rates among large enterprises are up to 10 times higher than in small businesses.  

 

Ian explainins how even the smallest of businesses can harness automation for better and why this is important as SMEs are operating in an increasingly challenging business environment, competing against larger players with bigger budgets and higher head-counts in turbulent economic times. 

Read the full article written by AUTTO founder Ian Gosling in the latest issue of SME Technology Guide

How UK SMEs are using technology to boost their business

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From SME Technology Guide
Small Business Saturday is part of a year-long campaign highlighting SMEs and encouraging consumers to support small businesses in their communities.

AUTTO founder Ian Gosling gives some insight to readers of SME Technology Guide on how small businesses can link the benefits of Small Business Saturday with technology to gain a competitive edge.

“While the boost to businesses from Small Business Saturday is to be welcomed, it does have the side effect of putting systems under strain. Technology can help here, with tools, like automation, helping companies automate routine processes, rather than necessarily having to increase headcount. If such tools haven’t been implemented yet, it should certainly be considered a priority for 2020.”

Read the full article here:

Small Business Saturday: how UK SMEs are using technology to boost every aspect of their business.

Adapting to a new world.

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It’s no surprise that the PricewaterhouseCoopers (PWC) annual survey of law firms for 2019 focused on how the digital revolution continues to disrupt professional services. New technology, such as artificial intelligence, cloud computing, robotics, and the Internet of Things (IoT), is being developed every day by forward-thinking enterprises.

The evolution of technology within cutting edge organisations has a knock-on effect for traditionally conservative organisations, such as law firms, who also need to evolve. Many larger firms are embracing lawtech to drive productivity and innovation, improve efficiency and control cost. According to PWC, eight out of the top ten firms identified technology as the key challenge to growth in the next two to three years. However, barriers to adoption are still widespread in the legal industry.

Complexity, scale and cost emerge as key barriers with security concerns topping the list. . However, PWC tells us it’s rare for senior management to take part in cyber risk and crisis management exercises. According to the PWC survey, many law firms just opt out of the advanced technology that’s becoming more common in sectors such as telecom and financial services.

Firms are right to be nervous about cybersecurity.   A whopping 100% of the top 100 law firms surveyed by PWC suffered a cybersecurity incident in 2019.  And according to Forrester: “In 2020, ransomware incidents will grow as attackers learn that holding data hostage is a quick path to monetisation.” As aggregators of sensitive client data,, law firms are vulnerable to these attacks and are rightly concerned about cybersecurity.

However,  avoiding high tech adoption and cloud-based services does not itself protect client data. The key – not always easy – is to strike a balance between the digital innovation that clients and employees expect and demand, with the cybersecurity necessary from a business, regulatory and ethical perspective. It is obviously vital for law firms to protect their own business and their clients from the loss of personal or sensitive information, not to mention  damage to reputation. But as firms face pressure for increased efficiency, productivity and growth, as well as better outcomes for clients delivered innovatively, law firms who do not embrace technological innovation risk being left behind.

One way to balance the risks and rewards is to avoid the temptations of disruption.  Disruption is a buzzword of the moment and sometimes seems to be presented as an end in itself. It is easily forgotten that true disruption involves challenging existing working models and the networks which support them. That may not be desirable, particularly where risk mitigation is important.  So, start small, trial with dummy data, and iterate and until you feel confident that systems are secure and workable from all angles

Risk can also be mitigated by ensuring the obvious safeguards are in place: make sure that your suppliers are properly certified, have cybersecurity plans and processes in place which they can describe to you. By taking these steps the benefits of  technology start to become available , saving time, and money, increasing productivity while increasing opportunities to spend more time on the things requiring personal  attention and expertise.

NEW WEBINAR!

An Intro To AUTTO

How to Automate a Complex Process without Writing a Line of Code

  • Date: 31 March 2022
  • Time 14:00 BST
  • Host: Ian Gosling, Founder of AUTTO
register now

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