Rewst Inc., a provider of an automation platform for managed service providers, has raised $45 million in funding led by Sapphire Ventures and existing investors Meritech Capital and OpenView. This brings Rewsts total to $104 million. The company provides robotic process automation, which allows MSPs to create workflows using existing IT tools and apps. The system includes RoboRewsty, which uses generative artificial intelligence services supplied by OpenAI to assist with the automation-building process. The investment will be used to invest in its community and education outreach, and further in the development of its platform. The managed services market is expected to grow from $262 billion in 2022 to reach an estimated value of $529 billion by 2031.
Source
This post was brought to you by Wrk. Our bot looks for news related to automation and post daily.
