According to the bank website, Automation Hero is a software company which develops and distributes an Intelligent Process Automation ("IPA") platform that includes proprietary Artificial Intelligence (AI) to allow customers, predominantly in the financial services sector, to automate their business processes. The proposed EIB venture debt financing will help the Promoter develop further software modules and functionalities for its Intelligence Process Automation platform including through the further use of artificial intelligence technologies already in use by the company. The EIB financing would also aim to support the Promoter's growth strategy.
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