Skan, a Menlo Park, CA-based technology company innovating the legacy process mining and operational monitoring market, raised $40M in Series B funding.
The round was led by Dell Technologies Capital, with participation from GSR Ventures, Liberty Global Ventures, Cathay Innovation, Zetta Venture Partners, Citi Ventures and Firebolt Ventures.
The company intends to use the funds to expand operations and its business reach.
Founded in 2018 by Avinash Misra and Manish Garg, Skan focused on transforming the legacy process mining and operational monitoring market with a solution that leverages advances in computer vision and artificial intelligence, with a zero-integration approach to create a new category called “dynamic process-intelligence.” The solution enables enterprises to automatically develop detailed, automation ready process maps, and provide continuous, actionable insights in weeks. Operational leaders of functions such as underwriting, customer onboarding, claims, contact center, and collections are able to understand automation and optimization opportunities, how to upskill the workforce, and compliance gaps.
The company also has employee centers in Seattle, Bangalore, Boston, Ottawa and more.