AutomataPi raises $411,165 seed capital

Mumbai: AutomataPi, a digital process automation company, has raised Rs 3 crore (around $411,165) in seed capital from the Indian Angel Network (IAN).

Participating investors from the network include KRS Jamwal, Jaideep Mehta*, Prashant Pahade, and Nitin Jain. As part of this transaction, Pahade will join AutomataPi’s board of directors.

Based in Mumbai and operated by AutomataPi Solutions Pvt Ltd, the startup says its platform helps enterprises of all sizes to automate business processes. It uses a cloud-native solution, with its technology being backed by artificial intelligence.

The company says it operates a pay-per-use model and claims it is automating over half a million processes with over 10 million events per month.