Kognitos, a San Jose, CA-based company specializing in generative AI for business automation, has secured $20 million in Series A funding, bringing its total raised to $30 million.
The round was led by Khosla Ventures, with participation from existing investors Clear Ventures, Engineering Capital, and Wipro Ventures.
Founded in 2004, Khosla Ventures is a venture capital firm based in Menlo Park, California. It invests in a range of areas including AI, climate, sustainability, enterprise, consumer, fintech, digital health, medtech and diagnostics, therapeutics, and frontier technology. The firm provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies.
Kognitos Use of Funds
The funds will be used to enhance the platform's ability to understand and execute complex business processes, expand partnerships and integrations, and establish Kognitos as a leader in generative AI for business automation.
Founded in 2020, Kognitos aims to enable business applications to be written in English, allowing machines to understand human language natively. Kognitos provides a botless and management-free SaaS platform that can run business processes targeting ERP, CRM, and common business applications at scale. Kognitos' platform uses natural language processing automation to allow business users to automate processes in plain human language. The Kognitos SaaS platform is HIPAA and SOC 2 Type II certified for best-in-class security controls and complies with the AICPA's Trust Services Criteria.
Company: Kognitos, Inc.
Round: Series A
Funding Month: November 2023
Lead Investors: Khosla Ventures
Additional Investors: Clear Ventures, Engineering Capital, and Wipro Ventures
Company Website: https://www.kognitos.com/
Software Category: Business Automation