Foley & Lardner LLP represented ZERO, an award-winning pioneer in productivity automation solutions for professional services firms, in its $12 million Series A investment round. The round was led by Streamlined Ventures with participation from 468 Capital, AltaIR Capital, PBJ Capital, Gutbrain Ventures, s16vc, AiSprouts VC, and others.
ZERO’s productivity automation suite uses AI and advanced workflow technologies to optimize the performance of knowledge workers. This new funding will allow ZERO to build on its global market momentum in the professional services industry – where its clients include many of the Am Law 200 firms, accounting firms, and market leaders within financial services.
ZERO is a fully autonomous, edge-computing productivity automation solution focused on the global professional services market. Unlike many other automation technologies, productivity automation places a cognitive layer between the user and an organization’s legacy software. This new design allows ZERO’s platform to imitate human cognitive functions by automating the repetitive work that one billion global knowledge workers spend their time on every day, and in doing so, it measurably increases output without taking the person out of the loop.
The infusion of new capital comes at a time of rapid growth for ZERO that has seen its revenue tripling and the headcount doubling in 2021. The new funding will allow the company to accelerate market expansion and enter new verticals with its AI-powered data classification engine, as well as automation modules built on top of it.
The Foley team was led by Partner Louis Lehot and included Partners Casey Knapp, Jeff Kopp, Mike Overly and Raj Tanden and Associates Ethan Floyd, Alex Ravski, and Tiffany Young.