Kognitos raises $20M to help businesses automate back-office processes

Kognitos, a company that automates business processes, has raised $20 million in a funding round led by Khosla Ventures, bringing its total funding to $30 million. The company, founded by Binny Gill in 2020, allows business users to automate tasks in plain English, and can handle tasks such as voice transcription, light image editing, and filling out PDF forms. The platform competes with other Robotic Process Automation (RPA) platforms like UiPath and Automation Anywhere, but Gill asserts that Kognitos is more sophisticated and intuitive.

The funding will be used for product development and expanding partnerships and integrations with third-party business apps. Kognitos already counts big-name companies like PepsiCo and Wipro among its users. Despite concerns about job losses due to automation, Gill argues that automation can lead to stronger employee satisfaction and engagement by tackling mundane and repetitive tasks.

Key takeaways:

Binny Gill, co-founder of Kognitos, argues that businesses can improve efficiency without making tough choices like layoffs or budget cuts by automating business processes.
Kognitos, founded in 2020, is an automation platform that allows business users to automate tasks in plain English, competing with other RPA platforms like UiPath and Automation Anywhere.
Kognitos has raised $20 million in a funding round led by Khosla Ventures, bringing the company's total funding to $30 million. The funds will be used for product development and expanding partnerships and integrations with third-party business apps.
Despite potential job losses due to automation, Gill argues that automation could lead to stronger employee satisfaction and engagement as it tackles mundane and repetitive tasks, freeing up employees for more stimulating work.

Kognitos raises $20M to help businesses automate back-office processes | TechCrunch

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