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AntWorks gets $15 mn funding from Japan's SBI Investment

Press Trust of India  |  New Delhi 

AntWorks, an (AI) products and solutions firm, today said it has raised USD 15 million (about Rs 103 crore) from SBI Investment Co Ltd, a subsidiary of Japan's SBI Holdings, Inc.

The series A funding will help invest in AI as also enterprise (Robotic process automation), fuel R&D and foray into newer markets, said in a statement.

A joint venture between SBI and has also been announced to tap into the opportunities in the emerging AI space in

"With this investment, we will work together with to bring end-to-end, AI-based enterprise to the globe... Our goal is to empower enterprises in emerging markets like Philippines, India, China, etc - by unleashing the limitless potential of and cognitive automation," AntWorks said. It provides solutions for over 450 customers.

"AntWorks' has risen through the ranks of global RPA, and companies with a ferocity that's unprecedented in the industry...(We) look forward to their growth in the Asian region through our joint venture, as well as globally," said Yoshitaka Kitao, Director, President, of SBI Holdings, Inc.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 30 2018. 15:20 IST