Digital process automation platform AutomataPi raised a seed round of Rs3 Cr from Indian Angel Network (IAN), led by KRS Jamwal, Jaideep Mehta, Prashant Pahade and Nitin Jain. Prashant Pahade will join the company’s board. The recent influx will be used to scale sales channel partners and further develop the product to cater to more geographies and distribution channels.
The startup is a digital process automation platform helping organisations to automate their business processes. The technology is backed by AI, ML, and NLP, which converts unstructured data sets into structured entities required for processing and smooth integration with existing operational systems.
Commenting on the fundraiser, Devesh Rao, CEO and Co-Founder of AutomataPi, said, "Our vision is to build a global enterprise automation SaaS business out of India. We are excited to have IAN and the angel investors on board and will leverage the capital raised to strengthen our platform in providing more cutting edge solutions to our clients.”