Caddi Secures $5M Seed Funding to Revolutionize Workflow Automation in Legal and Financial Sectors with AI Technology
Caddi, a leading professional services automation platform, has successfully secured $5 million in seed funding to enhance its cutting-edge “record-to-code” technology. This innovative platform is reshaping how professional services firms, such as law offices, financial advisory groups, accountants, and consultants, manage repetitive administrative tasks.
Overview of Caddi’s Funding Round
The recent seed funding round was spearheaded by Ubiquity Ventures, with valuable contributions from Founders’ Co-op and the AI2 Incubator. This financial boost will enable Caddi to accelerate the development of its platform, allowing firms to automate workflows more efficiently.
Transforming Professional Services with Automation
Caddi is committed to revolutionizing the way professional services firms handle their administrative processes. The core of Caddi’s technology is its “record-to-code” approach, which transforms simple screen recordings into fully functional, API-driven automations. This method significantly reduces the need for technical skills or extensive training, making it accessible to all users.
- Client Intake: Automate the process of gathering client information.
- Document Management: Streamline the organization and retrieval of documents.
- Billing: Simplify invoicing and payment processing.
Future Plans for Caddi
The newly acquired capital will facilitate several key initiatives, including:
- Expanding platform capabilities
- Onboarding new clients through a managed program
- Accelerating the development of a self-serve automation tool, set to launch later this year
The self-serve tool will empower firms of all sizes to create tailor-made automations by simply recording their workflows, further simplifying the process of automation.
Expert Insight on Caddi’s Innovation
Sunil Nagaraj, founding partner at Ubiquity Ventures, praised Caddi’s unique capabilities: “What truly sets Caddi apart is their ability to create reliable, deterministic automations from simple demonstrations. They’ve cracked the code on using AI to make advanced automation accessible to firms without technical resources.”
According to Alejandro Castellano, co-founder and CEO of Caddi, “Our ‘automation by demonstration’ approach means professionals can train Caddi just like they would a new hire. No coding, no IT team, no workflow disruptions—just show Caddi what you do, and it does the rest.”
For more information on Caddi and its innovative solutions, visit their official website at Caddi.
