Nanonets Raises $29M Series B to Transform Business Processes with AI-Driven Automation
Nanonets has quickly become a leading force in intelligent automation.
Company Name: Nanonets
Location: San Francisco, CA
Sector: AI-Based Workflow Automation
Funding Details: Raised $29M in Series B funding, leading to a total of $42M. The round was led by Accel, with participation from Elevation Capital, YCombinator, and others.
Purpose of Investment: To expand operations and development efforts.
Leadership: Co-founded by Sarthak Jain and Prathamesh Juvatkar
Product: Nanonets offers a no-code AI-based platform for workflow automation across various business processes. Its intelligent automation solutions and learnable decision engines are designed to streamline operations and enhance decision-making speed, promoting efficiency across multiple industries.
The internet was going to kill paper but businesses today are producing more documents than ever, just in new forms. Email, PDF contracts, whitepapers, etc. There are millions of highly skilled professionals stuck looking for needles in haystacks and entering this data from these documents into different software. Nanonets uses cutting edge AI to automate these different processes. We are taking the most repetitive and mundane office work and automating it - Sarthak Jain
About Company: Nanonets has quickly become a leading force in intelligent automation. The company’s mission is to simplify business processes through AI, enabling organizations to achieve greater efficiency and faster decision-making. With its AI-based platform, Nanonets is transforming the way businesses handle documents and data, automating what was once tedious, manual work.