E42, a Pune, India-based natural language processing-based AI platform developed by Light Information System, raised $5.4 million (around Rs 40.4 crore) led by Pavestone Ventures in Series A round.

The startup will use the funds to boost R&D, build its partner ecosystem, and engage businesses globally. 

Company: Light Information Systems Pvt. Ltd.

Raised: $5.4M

Round: Series A

Funding Month: October 2021

Lead Investors: Pavestone Ventures

Additional Investors: 

Company Website: https://e42.ai/

Software Category: Natural language processing-based AI platform

About the Company: Founded in 2012 by Animesh Samuel and Sanjeev Menon, E42 is a natural language processing-based AI platform developed by Light Information System. The platform can be used to create AI coworkers that automate complex people and process-centric functions towards time, energy, resource, and cost optimization. E42 makes process-centric and people-centric automation easier across verticals by driving human-like cognition across these processes. The E42 platform is recognized by industry giants like Microsoft, SAP, Oracle, IDC, and Nvidia and has industry associations with Nasscom and SaaSBhoomi.

Source: https://yourstory.com/2021/10/ai-platform-nlp-e42-54-million-seriesa-funding-round-pavestone-ventures/amp