Automation-as-a-Service startup, Element5 raised $30 million funds in Series B led by Insight Partners.
Element5 uses artificial intelligence (AI) and robotic process automation (RPA) to provide SaaS-based automated workflows for home care, hospice, senior living, skilled nursing, and other healthcare verticals. The new funds will be used to expand the startup's offerings and hire new talent in India to develop a healthcare product. It claims to have grown fourfold year on year (YoY). To date, it has raised $48.5 million in funding. According to the website, it employs more than 130 people.