Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Business process automation firm KYP.ai raises $18.7M from Europe’s leading deeptech VCs

Sep 20, 2023 - venturebeat.com
KYP.ai, a European business process automation software startup, has raised nearly $18.7 million in a Series A funding round led by OTB Ventures. The funds will be used to scale up in the U.S. and expand its customer bases in Europe and Asia. The company's software platform, Productivity 360°, uses AI algorithms to analyze a client company’s data infrastructure and identify inefficiencies that could be solved through automation.

The platform also provides a heatmap showing repetitive tasks within an organization, displaying opportunities for automation to save time and money. KYP.ai has been helping businesses adopt new AI models, including generative AI tools and technologies. The company's clients include DHL, Mindsprint BPS, Hollard, Qinecsa, Allied Global and Alorica.

Key takeaways:

  • KYP.ai, a European business process automation software startup, has raised nearly $18.7 million USD in a Series A funding round led by OTB Ventures.
  • The company plans to use the funds to scale up in the U.S. and expand its customer bases in Europe and Asia, and help its clients adopt new generative AI models, apps, agents and tools.
  • KYP.ai’s signature software platform, "Productivity 360°," is a secure web app management tool that helps automate various business tasks and identifies areas for improvement within an organization.
  • Notable firms using KYP.ai’s Productivity 360º include DHL, Mindsprint BPS, Hollard, Qinecsa, Allied Global and Alorica.
View Full Article

Comments (0)

Be the first to comment!