One sentence summary – European productivity optimization software startup KYP.ai has raised $18.7 million in a Series A funding round led by OTB Ventures, allowing the company to expand its operations in the US and enhance its customer bases in Europe and Asia, with its software platform Productivity 360° automating business tasks, identifying inefficiencies, and saving time and money for clients.
At a glance
- KYP.ai has secured nearly $18.7 million in a Series A funding round
- The funding round was led by OTB Ventures, with participation from 42CAP and Tola Capital
- The investment will enable KYP.ai to expand operations in the United States and enhance customer bases in Europe and Asia
- KYP.ai’s software platform, Productivity 360°, automates business tasks and provides insights into processes, people, and technology
- Current clients report an average annual savings of $2.7 million through increased automation
The details
KYP.ai, a European productivity optimization software startup, has recently secured nearly $18.7 million in a Series A funding round.
The funding round was primarily led by OTB Ventures.
Existing backers 42CAP and Tola Capital also participated in the round.
This significant investment will enable KYP.ai to expand its operations in the United States.
It will also help the company further enhance its customer bases across Europe and Asia.
At the core of KYP.ai’s offerings is their software platform, Productivity 360°.
This innovative platform plays a crucial role in automating various business tasks.
It also provides valuable insights into processes, people, and technology.
By analyzing a client company’s data infrastructure, KYP.ai’s tools can identify blockages and inefficiencies.
These can be efficiently resolved through automation.
Moreover, the platform includes a heat map feature that highlights repetitive tasks.
This allows businesses to automate these processes.
Ultimately, this can save both time and money.
KYP.ai’s impact on businesses is evident.
Their current clients report an average annual savings of $2.7 million through increased automation.
The company focuses on assisting organizations in adopting new AI models and technologies.
They concentrate on areas where scalability and impact can be maximized.
Notable firms such as DHL, Mindsprint BPS, Hollard, Qinecsa, Allied Global, and Alorica are among KYP.ai’s esteemed client base.
This latest funding round, spearheaded by OTB Ventures, demonstrates the increasing importance of KYP.ai’s offerings.
This is especially true in today’s changing landscape, as hybrid/remote workforces and software processes continue to expand.
With the infusion of capital, KYP.ai is well-positioned to further develop its software platform.
It can also expand its market reach.
Finally, it can provide cutting-edge productivity solutions to an even broader range of businesses worldwide.
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| venturebeat.com |
|---|
| – KYP.ai, a European productivity optimization software startup, has raised nearly $18.7 million in a Series A funding round. – |
| The funding round was led by OTB Ventures, with participation from existing backers 42CAP and Tola Capital. |
| – KYP.ai plans to use the funds to scale up in the U.S. and expand its customer bases in Europe and Asia. – |
| The company’s software platform, Productivity 360°, helps automate business tasks and provides insights into processes, people, and technology. – KYP.ai’s tools analyze a client company’s data infrastructure to identify blockages and inefficiencies that can be solved through automation. – |
| The platform also provides a heatmap showing repetitive tasks that can be automated to save time and money. – KYP.ai’s current clients have saved an average of $2.7 million annually through increased automation. – |
| The company helps businesses adopt new AI models and technologies, focusing on areas with scalability and impact. – KYP.ai’s clients include notable firms such as DHL, Mindsprint BPS, Hollard, Qinecsa, Allied Global, and Alorica. – |
| The funding round was led by OTB Ventures, which sees KYP.ai as critical to organizations as hybrid/remote workforces and software processes grow. |
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