Kognitos Raises $20M in Series A Funding to Automate Businesses Using Generative AI
SAN JOSE, Calif., Nov. 30, 2023 /PRNewswire/ -- Kognitos, the trailblazer in generative AI for business automation, today announced the close of a $20M Series A round led by Khosla Ventures, with participation from existing investors Clear Ventures, Engineering Capital, and Wipro Ventures. The fresh funding brings the company's venture capital raised to date to $30M adding to the seed round closed earlier this year. Founded in 2020, the company aims to build a future where all business applications will be written in English, where machines understand human language natively and where interacting with a computer is as easy as communicating with a human.
- Many of the traditional shortcomings of automation tools including learning curve, cost and time to value are being addressed using the power of generative AI.
- Kognitos' approach to automation using a deterministic English interpreter removes the risk of hallucination and biases while providing all the power of generative AI to business users.
- These efforts are aimed at establishing Kognitos as a leader in generative AI for business automation and increasing the adoption of the platform.
- We look forward to expanding our partnership with Kognitos as we become the AI leader in the Global logistics space."