Kognitos Raises Seed Funding to Bring the Power of Generative AI to Enterprise Automation

WHO

Kognitos, a trailblazer in the field of Generative AI for Business Automation, has successfully raised $6.75 million in a seed funding round. The company aims to empower business users to automate processes using plain English.

WHAT

Kognitos, a pioneer in Generative AI, has secured $6.75 million in seed funding to support the expansion of its cloud-based Koncierge™ platform. The platform leverages Large Language Models (LLMs) like GPT3 and ChatGPT to provide an intuitive Generative AI interface. Kognitos' AI Engine interprets the English language, enabling machines to fully understand natural language for the first time. By combining business data, business logic, and LLM technology, the Koncierge™ platform automates business processes at cloud scale, ensuring safety and auditability through human review in English.

WHY

Kognitos aims to revolutionize enterprise automation by enabling business users to automate processes using plain English. By eliminating the need for skilled personnel in automation and involving business managers directly in the automation process, Kognitos accelerates innovation in businesses while reducing time and resources required for automation and maintenance. With the global hyperautomation market projected to exceed $600 billion and organizations expected to lower operational costs by 30% through hyperautomation technologies, Kognitos is well-positioned to address the significant opportunity in the market.

HOW IT WORKS

Kognitos' cloud platform includes Koncierge™, an intuitive interface that allows business users to plan and customize automated processes. The platform utilizes natural language processing automation (NLPA) and LLMs such as GPT3 and ChatGPT to translate English commands into business automation. The BrainAI technology, powered by Kognitos' own LLMs and related technologies like OCR and NLP, executes the action plans created in Koncierge™, providing seamless and customizable automation for business users.

CUSTOMERS

Kognitos serves a wide range of customers, including Norco Industries and Brown Integrated Logistics. These customers have experienced significant time savings and streamlined repetitive tasks through Kognitos' automation capabilities. With Kognitos, employees have saved up to 15 to 20 hours per week, allowing them to focus on more strategic matters within their organizations.

FUNDING

The seed funding round of $6.75M was led by Clear Ventures, with participation from Engineering Capital and Wipro Ventures. This latest funding brings Kognitos' total venture capital raised to $9.35 million.

KEY TAKEAWAY

Kognitos' successful seed funding round reinforces its position as a leader in Generative AI for Business Automation. By enabling business users to automate processes using plain English, Kognitos empowers organizations to accelerate innovation and reduce operational costs. The company's cloud-based Koncierge™ platform, powered by AI Engine and LLMs, revolutionizes the way business processes are automated, providing a user-friendly and auditable solution. With the support of investors like Clear Ventures, Engineering Capital, and Wipro Ventures, Kognitos is well-equipped to continue its mission of bringing safe and accessible AI-powered automation to businesses worldwide.