AntWorks, a global provider of artificial intelligence and intelligent automation solutions powered by fractal science, today announced an exclusive partnership with the SEED Group, a member of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. The partnership will support expansion of intelligent automation within the Middle East (ME), a region where AI is expected to become a US$320 billion by 2030. The SEED Group establishes groundbreaking companies with a strong presence in the Gulf Cooperation Council (GCC) and will work with AntWorks to offer ethical AI solutions for GCC companies with ANTsteinTM SQUARE, the world's first and only Integrated Automation Platform (IAP), powered by fractal science. AntWorks seek to replicate its success across Asia, the UK and US, where the organisation has automated entire business processes end-to-end for many clients across the BFSI (Banking, Financial Services and Insurance), transportation, logistics and public sector, among others. With successful adoption of AntWorks' IAP solution, businesses will stand to save millions and realise increased performance and efficiency by automating and processing business data, including unstructured data, which will make up 80% of the world's data by 2025.
AntWorks, a provider of artificial intelligence (AI) and automation products and solutions, on Monday said that it has raised $15 million from Japanese venture capital firm SBI Investment in a series A funding round. The company did not disclose the valuation of the deal and other transactional details. The Singapore-headquartered company pointed out that the funding will be utilised to fuel its growth plans across product offerings, strengthening its research and development (R&D) base, ramping up its marketing and sales channel, and foraying into newer markets. SBI Investment, a subsidiary of financial-services company SBI Holdings, will also form a joint venture with AntWorks to expand its base and tap into the emerging AI market in South-East Asia. AntWorks was founded by former vice-president and head of Infosys BPO for Asia Pacific, Asheesh Mehra along with Govind Sandhu in 2015.
Co-Founder and Group CEO, AntWorks -- Asheesh is the co-founder and CEO of AntWorks, a global leader in AI and Robotics. He believes humane, responsible AI is the future, and is excited by its limitless applications to solve for issues t… (show all) Asheesh is the co-founder and CEO of AntWorks, a global leader in AI and Robotics. He believes humane, responsible AI is the future, and is excited by its limitless applications to solve for issues that impact business, our lives and the planet we inhabit. Prior to boarding the entrepreneurial ship, Asheesh headed Infosys BPO – Asia Pacific, Japan and the Middle East. His experience over twenty years has also spanned across leadership roles in large ITeS organizations, such as Mphasis, TCS and WNS, having worked extensively across the UK and the United States.