SBI Investment Co., Ltd., a subsidiary of SBI Holdings has invested $15 Mn in AntWorks as part of a Series A funding round.
AntWorks is a brainchild of former Infosys BPO head Asheesh Mehra. It is an artificial intelligence (AI) and intelligent automation products and solutions company. AntWorks was founded in June 2015 by Mehra and Govind Sandhu with a vision to provide technical and business process solutions to clients in the healthcare and financial services verticals.
The funding will provide AntWorks with an impetus for their next level of growth in artificial intelligence and enterprise RPA, fuel R&D, strengthen their marketing and sales engine, and energise their foray into newer markets.
Along with the funding, the companies have also announced a joint venture between SBI and AntWorks to tap the tremendous opportunities in the emerging AI space in South East Asia.
Govind Sandhu, Co-Founder and CFO, AntWorks 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 Philippines, India, China, etc. — by unleashing the limitless potential of Machine Learning and Cognitive Automation.”
Bringing Data Ingestion, RPA, And Artificial Intelligence Under One Head
The company believes that its USP is in bringing together all three pieces of the Automation puzzle under one umbrella — Data Ingestion, RPA, and Artificial Intelligence.