So check it out, this company just got a fat check for $20M and they’re all about a future with no code for any business application
Alright, so here’s the deal, automation has always been costly and time-consuming across industries, right? But it’s a crucial step for any business looking to boost productivity. One startup has found a way to automate processes cheaper and faster, and to do so it’s using generative AI that understands plain language commands, no code required. How crazy is that?
So this startup, Kognitos, they’re based in San Jose and they just closed their Series A round of funding with $20 million in proceeds. They got some big investors on board too like Khosla Ventures in Menlo Park, California, and existing investors Clear Ventures, Engineering Capital, and Wipro Ventures, all from the San Fransisco Bay Area, also jumped in. It’s a big deal.
So, the solution Kognitos is offering comes in the form of a “highly scalable bot-less and management-free” SaaS platform for automating processes using plain English. It employs a natural language processing automation (NLPA) model that understands language prompts and is equipped with patented conversational exception handling. That’s some next-level stuff right there!
The founder and CEO, Binny Gill, said, “For the last few decades, we have been forcing humans to learn the language of the machine through various no-code, low code and RPA platforms. The time has come for the machine to natively understand plain English. No developer should be needed to translate business requirements into automation because now the business requirements become the automation.” I mean, that’s wild.
In fact, Kognitos envisions a future where all business applications are written without code, using just English, while machines natively understand human language. That’s the kind of future that could change everything!
Kognitos is also adding some new automation features to the platform, like: voice transcription, image comparison and manipulation, QR code support, data visualization, and PDF form filling. In addition to the new funding, they’re planning to invest into the platform’s ability to understand and execute complex business processes, as well as attract new partners and integrate new business applications. Big things are on the horizon for these guys.
They already integrate directly with all major ERP, CRM, and productivity solutions for automation, including Salesforce, Teams, Google Drive, Microsoft Excel, and Slack. So they’re ready to roll with some big players.
Vinod Khosla of Khosla Ventures said, “Every enterprise needs to embrace AI, and automation in human language will be key to widespread business usage.” It’s all about the future, man!
Among its clients today Kognitos counts IT consulting service Wipro, PepsiCo, equipment manufacturer Norco Industries, Century Supply Chain Solutions, Brown Integrated Logistics, JBI Interiors, Australian home improvement conglomerate Wesfarmers, and blockchain software developer IOHK based in Singapore. They’re working with some major players already.