Element5, A San Jose based homecare automation startup aimed at “building Homecare’s first Automation Hub” has announced the closure of $2.5 million in a seed funding round.
Element5 was founded in late 2019, it is aimed at rethinking the way work gets done by bringing automation-as-a-service to homecare and hospice providers. Its technology is built on the foundations of Artificial Intelligence(AI) and robot process automation (RPA) and delivers end-to-end automation for key workflow. This automation then helps clients with a powerful analytics solution which provides valuable insights into their business.
“We’re very fortunate to have the support of our investors to help us bring high-impact technology to a space that deserves it,”
“Homecare is filled with great technology companies that offer robust, powerful applications. However, there is still a substantial amount of manual processes required to run Homecare operations. This is where we found the capabilities of RPA such a great fit, since it leverages existing systems and can perform actions just like a human. Once clients see automation working in conjunction with their existing software, they quickly realize the ROI and often ask what else is possible.”
says Joe Randesi, CEO and co-founder of Element5.
Element5’s co-founders, Randesi and Eric Gordon, who services as the companies Chief Revenue Officer have served Homecare and Hospice market for 12+. Gordon says, “We empower our clients to perform at the top of their competency, enabling them to focus on the highest value tasks. With ever-changing industry rules and regulations, the time and energy spent just to stay compliant is enormous and often creates operational bottlenecks. Automating compliance-related workflows will provide our clients with the freedom they need to rethink how work gets done.”
Element5 co-founders also include CTO Murali Vivenankandan and COO Bhavani Raman. “I am excited about helping providers adopt cutting-edge technology in a simple, meaningful way,” says Vivekanandan. “Combining AI, RPA, and other complementary tools will create powerful solutions that will truly change the way our clients get work done.”
Apart from its main office in San Jose, Califorinia,Element5 also has an office in Chennai, India.
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