Private Equity VC Fund Investments
AI-based work automation platform E42 raises $5.4 M led by Pavestone Ventures
Source PTI (opens in a new tab)
Pune-based Light Information Systems, which offers artificial intelligence-based solutions under the E42 brand, has raised USD 5.4 million (around INR 40.4 crore) led by Pavestone Ventures in a Series A round. It will use the funds to boost R&D, build its partner ecosystem and engage businesses globally.
E42 is a natural language processing-based platform that can be used to create AI co-workers that automate complex people– and process-centric functions towards time, energy, resource, and cost optimization.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Nov-16 and Aug-19, Light Information Systems raised over $2-M from NB Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)