Kognitos, a revolutionary figure in the realm of generative AI for business automation, has successfully concluded a $20M Series A funding round spearheaded by Khosla Ventures. Existing investors Clear Ventures, Engineering Capital, and Wipro Ventures also participated in this significant milestone, boosting the company's total venture capital raised to $30M, building upon their earlier seed round this year. Established in 2020, Kognitos is ambitiously shaping a future where businesses operate in plain English, leveraging AI's comprehension of human language, ultimately streamlining human-computer interactions.
The advent of AI has catalyzed a transformation in business operations across industries, addressing conventional challenges prevalent in automation tools, such as steep learning curves and prolonged timeframes. Kognitos revolutionizes automation by employing a deterministic English interpreter, effectively mitigating the risks of hallucinations and biases while offering the full potential of Generative AI to business users. By facilitating an uncomplicated interaction between humans and machines, the platform empowers organizations to expedite automation without necessitating traditional skill sets, catering to companies spanning manufacturing, logistics, CPG, and retail sectors, including leading entities like PepsiCo, Wipro, Century Supply Chain Solutions, and Norco Industries.
Binny Gill, Founder and CEO of Kognitos, emphasized, "The era of humans adapting to machine language is over. Machines must comprehend plain English effortlessly. Our goal is to eliminate the need for developers to translate business requirements into automation; instead, the business requirements become the automation."
Presently, many businesses grapple with manual processes, particularly those heavily reliant on documentation or coordination, due to the arduous task of automating them using conventional tools. Kognitos pioneers Natural Language Processing Automation (NLPA), transforming English into the "code." This innovative approach facilitates seamless, scalable, and bot-less automation, offering a management-free SaaS platform that targets ERP, CRM, and common business applications. Leveraging patented conversational exception handling, Kognitos absolves IT burdens, allowing dynamic learning from business users to enhance value without the traditional software development lifecycle incurred by conventional tools.
The infusion of new capital will bolster the platform's capability to interpret and execute intricate business processes, forge partnerships and integrations with diverse business applications, and enhance interoperability. These endeavors aim to establish Kognitos as a trailblazer in Generative AI for business automation and augment the platform's widespread adoption.
Vinod Khosla, founder of Khosla Ventures, remarked, "AI in human language automation will be a game-changer for enterprises globally. Kognitos, spearheaded by a visionary founder, is poised to empower billions to program in natural language, reshaping the future of business applications."
Concurrently, Kognitos unveiled the Exception Center, an advanced exception handling interface designed for business users, along with multi-modal automation functions, expanding its capabilities across voice transcription, image comparison, QR code support, data visualization, and PDF form filling.
Jim McCullen, CIO at Century Supply Chain Solutions, expressed his satisfaction with Kognitos, highlighting the platform's prowess in automating complex use cases, offering unparalleled solutions even for unanticipated scenarios, enhancing productivity, and bolstering their market presence in the logistics domain.
Kognitos aims to revolutionize business applications by facilitating a future where machines comprehend human language, bridging the gap between human interaction and machine execution.