Minit, a Bratislava, Slovakia-based independent software vendor with expertise in automated discovery, analysis, auditing and monitoring of business processes, raised €3.3m in venture capital funding.
Backers included Earlybird Venture Capital and OTB Ventures.
The company plans to use the funding to build its sales, R&D, and consultancy staff, as well as to facilitate expansion into global markets.
Led by Rasto Hlavac, CEO, Minit develops Process Mining Software that visualizes how complex business processes really happen in order to provide transparency on how they can be improved. This enables companies to improve processes such as Manufacturing, Sales and Financial processes, spot inefficiencies, identify bottlenecks, and uncover optimization points.
Minit automatically analyzes process data from logs created by enterprise software applications organizations already work with, such as ERPs (e.g., SAP, Oracle, Microsoft), CRMs (e.g., Salesforce), Customer Service (e.g., ServiceNow).