Singapore-based integrated Artificial Intelligence (AI) and automation solution platform AntWorks(AntWorks AI Startup), has raised $15 million in Series A funding from the Japan-based SBI AI & Blockchain Fund.
AntWorks AI Startup, Founded in 2015 by Govind Sandhu and Asheesh Mehra (Ex Vice President Infosys BPO), it provides an operations processing automation platform, called RPA (Robotic Process Automation), organization aims to deliver services ranging from AI-based data recognition to automating operations on a single platform. The platform uses a fractal theory-based AI technology to read data in non-unified format documents, called non-standard format documents.
It provides solutions to nearly 450 customers and has presence in Singapore, India, Sri Lanka, Philippines, Australia, Qatar, the United Kingdom and USA.
The RPA platform also has Machine Learning and Natural Language modelling capabilities. As per a statement, the platform can handle unlimited types of non-standard format document that do not have a specific format, such as various financial statements, agreements, and invoices.
Speaking on the recent funding,” Govind Sandhu, Co-founder and CFO of AntWorks AI Startup said: “With this investment, we will work together with SBI Group to bring end-to-end, AI-based enterprise RPA to the globe in a way not done before. Our goal is to empower enterprises in emerging markets like the Philippines, India, and other parts of Asia, by unleashing the limitless potential of Machine Learning and Cognitive Automation.”
