[Funding] Automation startup AutomataPi raises Rs 3 Cr seed fund led by Indian Angel Network

AutomataPi has raised a seed round of ₹3 Cr from Indian Angel Network (IAN). The round also saw the participation of KRS Jamwal, Jaideep Mehta, Prashant Pahade and Nitin Jain. Further, Prashant Pahade will join the company’s board. This round of funding will enable the company to scale sales channel partners. It will also help develop the product to cater to more 2 more geographies and distribution channels. The company aims to build a global enterprise automation SaaS business out of India.

About AutomataPi

Starting in 2017, AutomataPi, a Digital Process Automation platform has helped organizations to automate their business processes. Its cloud-native proposition allows for a highly scalable, distributed model. The technology is backed by AI, ML, and NLP which converts unstructured data set into structured entities. This helps it in processing and smooth integration with existing operational systems.

AutomataPi has a unique Pay Per Use model. Thus, it helps enterprises - big or small - to integrate their solution to their existing enterprise systems. It helps them to quickly ready themselves for the digital world. The solution categorizes under various segments such as Digital Process Automation (Forrester) or Intelligent Process Automation (Gartner, IBM), etc. On average, AutomataPi automates half a million processes with over 10 million events per month. It is an apt solution for a large industry segment to swivel themselves for the post-COVID or Social Distancing era.

The company has successfully undertaken 30 projects and has a large customer base. The likes of Mahindra Holidays & Resorts Limited, Centrum broking Limited, Essar Ports Limited, IIFL Securities, Umm al Quainn FTZ (UAE) and Masscom Global(UAE), all major brands are part of AutomataPi’s customer portfolio. AutomataPi also aims to expand to new geographies such as the Middle East and ASEAN countries

From the leaders

Speaking on the latest development, Devesh Rao, CEO & Co-Founder of AutomataPi said, “At AutomataPi, our automation platform enables enterprises to automate their complete lifecycle of business processes. During the COVID-19 pandemic outbreak, when several businesses had to switch to work from distributed locations, AutomataPi’s solution formed a hybrid bridge between the digital and enterprise ecosystems. I am glad to mention that we have had 100% client retention through COVID-19. Going forward, our vision is to build a global enterprise automation SaaS business out of India. We are excited to have IAN and the angel investors on board and will leverage the capital raised to strengthen our platform in providing more cutting edge solutions to our clients.”

Commenting on the investment, Lead IAN Investor Prashant Pahade said, “Based on long and deep experience in process automation, Devesh and his team has reimagined and re-architected a solution leveraging AI/ML to help enterprises digitise and automate end-to-end processes. AutomataPI has quickly established a great product-market fit. We also believe IAN can help them accelerate their growth trajectory.”