In a groundbreaking move, Kognitos, a trailblazer in generative AI for business automation, has announced the successful closure of a $20 million Series A funding round led by Khosla Ventures. This infusion of capital, with participation from existing investors Clear Ventures, Engineering Capital, and Wipro Ventures, brings Kognitos’ total venture capital raised to $30 million. The company, founded in 2020, envisions a future where all business applications are written in plain English, enabling machines to understand human language seamlessly and making computer interaction as effortless as communicating with a human.
Kognitos is at the forefront of natural language process automation (NLPA), revolutionizing the way businesses approach automation. The company’s mission is to empower business users with an automation platform centered on human language. By eliminating the need for traditional automation skill sets, Kognitos enables organizations to accelerate automation processes, significantly reducing costs and enhancing efficiency.
Transforming Business Processes
Traditionally, businesses faced challenges with automation tools, including steep learning curves, high costs, and extended time-to-value. Kognitos addresses these issues by employing generative AI, allowing organizations to automate without the need for traditional automation skill sets. Notable companies like PepsiCo, Wipro, Century Supply Chain Solutions, and Norco Industries have already embraced Kognitos, experiencing accelerated automation across various industries.
About the Funding
The $20 million Series A funding will fuel Kognitos’ mission to enhance its platform’s capabilities in understanding and executing complex business processes. Additionally, the company aims to expand partnerships and integrations with other business applications, improving interoperability. The vision is clear – establish Kognitos as a leader in generative AI for business automation, making human-centric AI the norm.
Alongside the funding announcement, Kognitos unveiled the Exception Center, a next-generation exception handling interface designed for business users. This innovation allows businesses to handle unforeseen edge cases without relying on IT, streamlining automation processes. Kognitos also introduced multi-modal automation functions, including voice transcription, image comparison, QR code support, data visualization, and PDF form filling, among others.
Kognitos is on a mission to democratize automation by making human language the primary ‘code.’ With the backing of Khosla Ventures and other investors, the company is poised to lead the way in generative AI for business automation. As AI becomes integral to enterprises, Kognitos stands at the forefront, providing a platform that empowers billions of business users worldwide.
How does Kognitos differentiate itself in the automation market?
Kognitos stands out by focusing on natural language process automation (NLPA), allowing business users to automate processes using plain human language. This approach eliminates the need for traditional automation skill sets and accelerates automation processes.
How will the Series A funding benefit Kognitos’ future development?
The $20 million Series A funding will be utilized to enhance the platform’s ability to understand and execute complex business processes. Additionally, it will support the expansion of partnerships and integrations with other business applications, aiming to establish Kognitos as a leader in generative AI for business automation.
What is the significance of the Exception Center introduced by Kognitos?
The Exception Center is a next-generation interface designed for business users to handle unforeseen edge cases in automation processes. This innovation streamlines automation by empowering business teams to address exceptions without relying on IT, reducing maintenance costs and increasing overall efficiency.