India, October 26, 2021 (GNI): Light Information Systems today announced the receipt of Series A investment of USD 5.4 million led by Pavestone Ventures. Their award-winning no code AI platform, E42, has fuelled enterprise cognition by automating complex, time-consuming, and resource-intensive processes so that they no longer require human intervention. The automation is powered by multifunctional cognitive agents or “AI Co-workers”, which enterprises can create and customise on the E42 platform based on their needs.
The funding comes at a time when there is an ever-increasing demand for cognitive process automation across industries. The funding received will be deployed in enhancing the company’s AI platform “E42”, by boosting R&D to maintain the tech advantage, build their partner ecosystem, and engage businesses globally.
The Pune based company, founded in 2012 by Animesh Samuel and Sanjeev Menon, makes process-centric and people-centric automation easier across verticals by driving human-like cognition across these processes. The platform has been recognised by industry giants like Microsoft, SAP, Oracle, IDC, NVIDIA, NASSCOM, SaaSBhoomi, etc.
Animesh Samuel, Chief Executive Officer, Light Information System Private Limited said, “We are thrilled to receive the funding as it will help us strengthen our research and partner ecosystems and help us scale and serve enterprises across geographies. Our Cognitive Process Automation platform has benefited organisations, big or small with automating complex and people-centric processes, that too, with a return on investment in as short a time as two weeks. We believe that an AI-driven strategy will be at the core of every business to succeed. We want to help these organisations in mapping out this strategy with the help of our multifunctional cognitive agents / AI Co-worker which will help these businesses succeed by optimising profits while reducing time-consuming and difficult processes. We want to open up our easy to deploy, maintain and migrate no code platform to enterprises and partners globally to come and try out different automation that can be customised as per their requirements.”
Sridhar Rampalli, Managing Partner, Pavestone Ventures said, “We’re happy to be a part of E42’s growth story. The need for end-to-end process automation has never been greater as AI-led enablement and automation across enterprises is maximising efficiencies and scalability while minimizing complexities and costs. We believe the E42’s platform has combination of both horizontal and vertical capabilities which exposes significant scope to deliver across enterprise functions at scale and depth.”
The AI Coworkers created on E42’s platform are the future-ready AI workforce that augments the existing organisation’s workforce by helping them efficiently scale their business by improving user experience across verticals. These AI co Workers built on E42 include AI Analysts, AI AP Associates, AI HR Executives, AI Recruiters, AI Business Dev Execs, etc. and are deployed at several large and medium enterprises worldwide, stated in the press release.
About E42 is the world’s leading Natural Language Processing- based AI platform developed by Light Information System Private Limited, a pioneer with more than 150 man years of R&D.
E42 is driving enterprise cognition across processes. The platform can be used to create AI Coworkers that automates complex people – and process-centric functions towards time, energy, resource, and cost optimization.
The PaaS model provides end-to-end automation to enterprises ranging from Fortune 500 companies to SMES and startups across sectors: from automobile majors and pharmaceutical giants, to BFSI, telecom and new-age unicorns. By maximising efficiencies and scalability while minimizing complexities and costs, E42 is disrupting the enterprise automation space to deliver seamless user-experience.
The versatility of the E42 platform and depth of technology used in it has been validated by major Technology research companies like NASSCOM and IDC along with software behemoths like Microsoft, Oracle and SAPLearn more on: https://e42.ai/
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