Kognitos, a San Jose, CA-based company which specializes in generative AI for business automation, raised $20M in Series A funding.
The round, which brought the total amount to $30M, was led by Khosla Ventures, with participation from existing investors Clear Ventures, Engineering Capital, and Wipro Ventures.
The company intends to use the funds to enhance the platform’s ability to understand and execute complex business processes, and expand partnerships and integrations with other business applications to improve the platform’s interoperability.
Led by Binny Gill, Founder and CEO, Kognitos uses natural language processing automation (NLPA) to enable business users to automate processes in plain human language. It provides a scalable bot-less and management-free SaaS platform that can run business processes targeting ERP, CRM and common business applications at scale. The system dynamically learns from the business users when they handle exceptions, further increasing value to business without the expensive software development life-cycle as experienced in traditional automation tools.
The Kognitos SaaS platform is HIPAA and SOC 2 Type II certified for best-in-class security controls and complies with the AICPA’s Trust Services Criteria.
FinSMEs
30/11/2023