Kognitos recently raised $30 million in a funding round led by Khosla Ventures, with participation from Clear Ventures, Engineering Capital, and Wipro Ventures. The funds will be used for product development and expanding partnerships and integrations with third-party business apps. Despite not disclosing revenue or profitability, Kognitos has big-name companies like PepsiCo and Wipro as its clients. Gill believes that the company's unique value proposition will help it navigate the current tech sector slowdown and thrive in the next era of the technology revolution.
Key takeaways:
- Binny Gill, co-founder of Kognitos, argues that businesses can improve efficiency by automating processes, which is the core function of Kognitos.
- Kognitos, founded in 2020, allows users to automate tasks in plain English and competes with other Robotic Process Automation (RPA) platforms like UiPath and Automation Anywhere.
- Kognitos has raised $30 million in a funding round led by Khosla Ventures, with participation from Clear Ventures, Engineering Capital and Wipro Ventures. 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 can lead to stronger employee satisfaction and engagement by eliminating mundane and repetitive tasks.