Friday, January 22, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

SBI Holdings Invests In AI-Based Automation Company

Sony T by Sony T
July 30, 2018
in Startup news
Reading Time: 2min read
A A
0
SBI Holdings Invests In AI-Based Automation Company
9
SHARES
128
VIEWS
Share on FacebookShare on Twitter

AntWorks has raised ₹103 crores ($15 million) in series A funding from Japenese investment firm SBI Investment Co, a subsidiary of SBI Holdings. The funds raised will be used to boost its growth in Artificial Intelligence, research & development, along with strengthing its marketing and sales as it ventures into new markets.

SBI Investment and AntWorks will also be forming a joint venture to tap opportunities in emerging AI space in the South East Asian market.

AntWorks provides a platform that integrates artificial intelligence and cognitive process automation to provide smart solutions for enterprises. It was founded by Asheesh Mehra and Govind Sandhu in 2015.

The startup focuses on Robotic Process Automation (RPA). AntWorks provides a unique code-free RPA product and its one-of-a-kind Cognitive Machine Reading (CMR) engine that is rapidly replacing OCR (Optical Character Recognition). It is a critical component to any Automation, RPA or digitisation journey for enterprises as it reads any data type including Structured, Unstructured, Inferred, or Image data.

ADVERTISEMENT

Asheesh Mehra, Founder and CEO, AntWorks, said, “When Govind Sandhu and I started AntWorks with a small, passionate group of people, the dream was to create a company that would serve as a catalyst for enterprises on their digitization journey. SBI Holdings reposing this faith in us with both the investment and the joint venture is a validation and an opportunity to grow and come into what we have always believed AntWorks can be – a true leader forging a new path, reimagining business as usual.”

Having served over 450 customers across 4 continents, AntWorks provides solutions for industries working in a wide range of domains. Its intelligent automation platform, ANTStein’s advanced Machine Learning and Natural Language Modelling capabilities make it a leader in the industry.

Freshly infused with capital, AntWorks is set to bring its automation solutions to the enterprises in the emerging markets like Philippines, India, China, etc, to empower their businesses.

 

Tags: AntWorksAutomationMachine Learning ServicesNatural language processingOptical Character RecognitionRobotic Process Automation
Share4Tweet2Share1Pin1
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

Mindler raises a Pre-Series-A funding round of $1M led by Inflection Point Ventures
Startup news

Mindler raises a Pre-Series-A funding round of $1M led by Inflection Point Ventures

January 19, 2021
How Cloud Computing reshapes businesses?
Startup news

Siply raises $1 million in Seed Round led by Inflection Point Ventures

January 12, 2021
HobSpace raises 1cr in Pre Series A1 from Inflection Point Ventures
Startup news

HobSpace raises 1cr in Pre Series A1 from Inflection Point Ventures

January 7, 2021
qZense, an agritech start-up secures INR 4.5 Cr seed investment
Startup news

qZense, an agritech start-up secures INR 4.5 Cr seed investment

December 30, 2020
The One-Stop Relocation Platform – HappyLocate
Startup news

The One-Stop Relocation Platform – HappyLocate

December 29, 2020
Bancolombia Chooses SunTec’s SaaS for Enterprise Pricing Solution
Startup news

SunTec Names Top Trends for Banking and Financial Sector in 2021

December 29, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

What are some of the new innovations in Telehealth?
Tech news

Getting Started With Telehealth Technology: Here’s What Therapists Need to Know

by Sony T
January 21, 2021
10 CMDB Tools That Will Revolutionize 2021
Tech news

10 CMDB Tools That Will Revolutionize 2021

by Sony T
January 21, 2021
What You Need for An Effective Home Office Setup
Tech news

8 Advantages Coworking Spaces Have Over Traditional Offices

by Sony T
January 21, 2021
Best books on Windows 10 for beginners
Tech news

Best books on Windows 10 for beginners

by Sony T
January 20, 2021
5 Areas of Your Business That Can Be Streamlined By Big Data
Big Data

5 Areas to Streamline Your Business with Big Data

by Srikanth
January 20, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.