We’re tremendous thrilled to announce that we’ve raised $29 million in our Collection B funding spherical led by Accel India in our journey to reimagine how companies handle workflows!
The funding spherical additionally noticed participation from current buyers Elevation Capital, YCombinator and others. This takes the whole funding raised until date to $42M.
The place We’re Right now
For a number of years now Nanonets has been the go-to option to handle paperwork, seize data and simplify communication – all inside one AI-powered doc communication platform.
Nanonets is now on a mission to leverage Deep Studying to construct the world’s most frictionless enterprise workflow automation platform powered by Autonomous AI Brokers.
Over the past 2 years, Nanonets has seen in depth progress in our buyer base, with over 34% of the World Fortune 500 firms having used our AI-based workflow automation platform throughout Finance, Accounting, Operations and several other different enterprise use-cases. Our software program has helped new customers construct workflows, develop lots of of hundreds of AI workflows, and course of a number of billion information.
Workflows: Unlocking Trapped Knowledge
Why are companies more and more specializing in workflow automation?
Most enterprise information is trapped at present:
- Trapped in several enterprise purposes with enterprise professionals repeatedly copying and pasting information saved amongst disparate sources of enterprise information.
- Trapped in volumes the place it is tremendous onerous to search out what you are on the lookout for. Massive variety of man hours are merely spent in looking or finding helpful enterprise information.
- Trapped in construction or lack of it. Knowledge codecs and processes aren’t constant inside organisations and corporations require devoted employees for simply reformatting information to implement consistency manually.
“The web was going to kill paper however companies at present are producing extra paperwork than ever, simply in new kinds. Electronic mail, PDF contracts, whitepapers, and many others. There are thousands and thousands of extremely expert professionals caught on the lookout for needles in haystacks and getting into this information from these paperwork into completely different software program. Nanonets makes use of leading edge AI to automate these completely different processes. We’re taking probably the most repetitive and mundane workplace work and automating it” – Sarthak Jain, CEO and Co-Founding father of Nanonets.
Nanonets is on a mission to unlock this trapped information for companies of all sizes. With Nanonets’ autonomous AI Brokers, companies can run any enterprise workflow on just about any information.
Decreasing the barrier to entry to AI-led automation
Nanonets lowers the barrier to deploy AI for workflow and enterprise automation for everybody, wherever. With Nanonets, you will get the world’s finest Deep Studying group working on your firm with out having to rent them.
Usually making a Machine Studying mannequin that’s customized to your enterprise wants requires many months, thousands and thousands of information factors and the world’s finest expertise. We’ve taken that course of and condensed it into our AI-powered workflows. This reduces the price of hiring, onboarding and retaining prime expertise.
Constructing the Way forward for Work!
We couldn’t be extra excited to proceed constructing a greater Nanonets product for you and your group. Our Collection B funding will propel us to:
- Additional spend money on bettering our algorithms that notably sort out unstructured information and launch new merchandise based mostly on that.
- Scale our advertising and gross sales efforts to seize a chunk of the burgeoning demand for AI-based options.
We’re so grateful for the continued help of our clients, buyers, household, and mates — and we stay up for serving to groups all over the world work happier. Remember to observe together with all the most recent Nanonets updates on our Changelog and Weblog!
Have questions? Attain out to us on [email protected] or Communicate with us!