Techiexpert.com
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
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
0
SBI Holdings Invests In AI-Based Automation Company 1
9
SHARES
129
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.

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: AutomationMachine Learning ServicesNatural language processingRobotic Process Automation
Share4Tweet2Share1Pin1

Popular Sections On Techiexpert

5G AI News AI Services AI Startup AI usecases Amazon Bangalore startups BigData analytics Business Chatbots cloud services cryptocurrencies CryptoCurrency custmer experience Cybersecurity Data privacy Delhi startups digital marketing digital payments eCommerce Electric Vehicles Facebook Fintech Fintech startups Funding News Google Healthcare Inflection Point Ventures Instagram IOT services Marketing strategy Microsoft Mobile Apps Mobile Tech Mumbai startups Press Release Robotics Saas search engine optimization Smartphones startup stories Tech Stories Tech Trends Voice assistants WhatsApp

Latest Stories on Techiexpert

Exploring the Power of GSMA eSIMs in IoT Development

Exploring the Power of GSMA eSIMs in IoT Development
Share4Tweet2Share1Pin1

India’s Startup Founders Shine on Self-Made Entrepreneurs List

India's Startup Founders Shine on Self-Made Entrepreneurs List
Share4Tweet3Share1Pin1

Startup Infinity Avionics Leads the Way with Dual-Headed Space Camera for Surveillance

Startup Infinity Avionics Leads the Way with Dual-Headed Space Camera for Surveillance
Share4Tweet3Share1Pin1
  • Privacy Policy
  • About Us
  • Contact us
  • Cookie Policy
  • Write For Us
  • Newsletter

© 2016-2022 All Rights Reserved

No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain

© 2016-2022 All Rights Reserved

Cookie Law Notice
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.