AntWorks announces Series A funding by SBI Investment

AntWorks has announced their Series A funding with a $15-million investment by SBI Investment, which conducts investments and management of venture capital funds, at an undisclosed valuation. This investment will provide AntWorks with an impetus for their next level of growth in Artificial Intelligence & Enterprise RPA, fuel R&D, strengthen their marketing and sales engine, and energize their foray into newer markets.

In addition, in an unusual show of commitment, a joint venture between SBI and AntWorks is also announced to tap the tremendous opportunities in the emerging AI space in South East Asia.

Fuelled by cognitive automation and machine-learning capabilities, AntWorks delivers industry-best RPA that’s powered by AI using its ANTstein platform to enterprises of all sizes. AntWorks provides a unique code-free RPA product and its one-of-a-kind Cognitive Machine Reading (CMR) engine – that is very rapidly replacing OCR – is the most critical component to any Automation, RPA or digitization journey for enterprises as it ingests any data type – Structured, Unstructured, Inferred, or Image data.

Founder & Group CEO Asheesh Mehra says, “When Govind Sandhu and I started AntWorks with a small, passionate group of people, the dream was to create a company that would serve as a catalyst for enterprises on their digitization journey. SBI Holdings reposing this faith in us with both the investment and the joint venture is a validation and an opportunity to grow and come into what we have always believed AntWorks can be – a true leader forging a new path, reimagining business as usual. Today, I feel pride in our team who have worked so tirelessly and gratitude towards SBI Holdings and towards every employee, partner, analyst and well-wisher who has been on this journey with us. May we remain fresh in our approach, fearless in embracing change and fast in learning, adapting and delivering on everything we stand for as AntWorks.”

As a relatively new entrant, AntWorks has already made a global impact in the space and is consistently benchmarked against competitors who have been in the space for far longer. The AntWorks differentiator is in bringing together all three pieces of the Automation puzzle, effortlessly and under one umbrella – Data Ingestion, RPA, and Artificial Intelligence.

Yoshitaka Kitao, Representative Director, President, and CEO of SBI Holdings, says, “AntWorks has risen through the ranks of global RPA, Automation and Artificial Intelligence companies with a ferocity that’s unprecedented in the industry. We are excited with the possibilities of ANTstein and look forward to their growth in the Asian region through our joint venture, as well as globally. SBI Group is actively involved in introducing RPA solutions to financial institutions in Japan and strongly believes in the future of this field.”