AI platform E42 raises $5.4M in Series A round

Light Information Systems, based in Pune and known for its artificial intelligence-based E42 solutions, announced on Tuesday that it has secured $5.4 million (about Rs 40.4 crore) in a Series A investment led by Pavestone Ventures.

Light Information System developed E42, a natural language processing-based AI platform. The platform may be used to build AI coworkers who can automate complicated people and process-centric functions in order to save time, energy, resources, and money.

Animesh Samuel, CEO, Light Information System Private Limited, said, “We are thrilled to receive the funding as it will help us strengthen our research and partner ecosystems and help us scale and serve enterprises across geographies. Our Cognitive Process Automation platform has benefited organisations, big or small with automating complex and people-centric processes, that too, with a return on investment in as short a time as two weeks.

Sridhar Rampalli, Managing Partner, Pavestone Ventures, added, “We’re happy to be a part of E42’s growth story. The need for end-to-end process automation has never been greater as AI-led enablement and automation across enterprises is maximising efficiencies and scalability while minimising complexities and costs. We believe the E42’s platform has a combination of both horizontal and vertical capabilities, which exposes significant scope to deliver across enterprise functions at scale and depth.

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