Asato.ai, a San Francisco, CA-based AI-powered enterprise Copilot platform, has closed a $7.5 million seed financing.
The round was co-led by Intel Capital and Lip-Bu Tan. Other participants include Shah Capital Partners and prominent angel investors such as Amarjit Gill, Ash Bhardwaj, Charlie Giancarlo, and Sanjay Mehrotra.
Founded in 1991, Intel Capital is the corporate venture capital arm of Intel based in Santa Clara, California. Intel Capital invests in innovative startups targeting cloud and AI infrastructure, cybersecurity, and other disruptive technologies.
Lip-Bu Tan is a Malaysia-born American executive and entrepreneur presently the executive chairman of Cadence Design Systems and Chairman of Walden International, a venture capital firm.
Asato.ai Use of Funds
The company will use the funds to accelerate the development of the Copilot platform.
Asato is an enterprise copilot platform powered by AI designed for CIOs. The platform discovers, connects, and contextualizes IT and Talent assets to equip CIOs with insights to make informed decisions about resource allocation, identify alternative solutions, and optimize investments. The platform leverages AI and knowledge graph technologies to provide real-time visibility, control, and decision orchestration for CIOs managing digital transformations. The company’s mission is to empower CIOs with unprecedented visibility and control to optimize IT spend and drive decisive actions.
Company: Asato Corporation
Round: Seed Round
Funding Month: December 2023
Lead Investors: Intel Capital and Lip-Bu Tan
Additional Investors: Shah Capital Partners and prominent angel investors such as Amarjit Gill, Ash Bhardwaj, Charlie Giancarlo, and Sanjay Mehrotra
Company Website: https://asato.ai/
Software Category: Enterprise Copilot platform