Nanonets

🚀 Exciting News! 🚀 We're thrilled to announce that Nanonets has raised $29 million in a Series B funding round led by Accel, with continued support from existing investors Elevation Capital and Y Combinator. Nanonets is transforming the way businesses handle repetitive and mundane office work with the use of autonomous AI agents to automate complex processes, resulting in significant time and cost savings. Visit https://nanonets.com/ to know more. Our user base has quadrupled in the last 12 months, a testament to the impact we’ve delivered for our customers. We're grateful for the support from Accel, our existing investors, and our incredible team. Together, we're revolutionizing back-office operations with AI, bringing unparalleled efficiency to businesses worldwide. Read more about our journey and the impact of this funding round in this blog post by Sarthak Jain, CEO and Co-Founder of Nanonets: https://lnkd.in/gPpK_zTb Prathamesh Juvatkar Abhinav Chaturvedi Mukul Arora Akarsh Shrivastava Accel in India #Nanonets #SeriesBFunding #WorkflowAutomation #GenAI

Invoice processing and coding are part of every finance team's process but are usually manual and error-prone. We invite you to join our exclusive webinar, "Transforming Invoice Coding with AI," to discover how AI can revolutionize your invoice processing. Here's what we'll talk about: 1. Current processes of invoice coding and processing 2. Common challenges faced 3. The role of AI in automating invoice coding 4. Case Study: How a US-based contractor leveraged AI to solve invoice processing and coding Please mark your calendars and join us on June 26, 2024, at 12:00 PM (ET). Click on View Event to register for the webinar

Starting today we will explore one business process or use case each week that's in dire need of automation 😫 - and show how Nanonets can help you do just that 💪! This week, we look at the lease abstraction use case or the process of summarising commercial leases as part of property management workflows. Here are some of the common challenges faced by real estate advisory firms or property management companies from the time they receive a signed lease till they create or update an entry in their ERP: ❗ Signed leases come in routinely via email in large numbers and must be downloaded/added manually into a central folder or repository ❗ Leases are complex multi-page legal documents - and it's a pain to comb through a lease manually to capture lease details such as tenant name, square footage, base rent, lease term, renewal clause etc. ❗ Feeding the extracted lease data into property management ERPs such as Yardi, MRI or Buildium or CRMs such as Salesforce require that the extracted lease data first be transformed into a convenient format - this is a huge time sink! So how do we fix these challenges? Check out the video below to learn how Nanonets can: ✅ Ingest or collect all incoming leases via email or a hot folder (Drive, Dropbox etc.) ✅ Capture key data points from these multi-page lease documents accurately ✅ Feed the captured data into an ERP of your choice to create or update relevant entries Do you know any other commercial real estate processes or workflows that are a pain to do right now and can benefit from such automated workflows? Do drop a comment below so that we can address that in the coming week or resolve it asap. Have questions about the particular workflow demoed in the video below? Want to check it out for yourself? Talk to us in the comments below.

Invoice processing and coding are part of every finance team's process but are usually manual and error-prone. We invite you to join our exclusive webinar, "Transforming Invoice Coding with AI," to discover how AI can revolutionize your invoice processing. Here's what we'll talk about: 1. Current processes of invoice coding and processing 2. Common challenges faced 3. The role of AI in automating invoice coding 4. Case Study: How a US-based contractor leveraged AI to solve invoice processing and coding Please mark your calendars and join us on June 26, 2024, at 12:00 PM (ET). Find the link in the comments to register for the webinar.

Catch Nanonets CEO Sarthak Jain's interaction with Ritu Singh on CNBC TV18 Startup Street, where he spoke about our growth journey, our vision for the future, and how the recent Series B funding round will empower us to further innovate and drive impact. 📈 💯 Watch here: https://lnkd.in/gc28V_7d Thank you to CNBC-TV18 for giving us the opportunity to share our story, and a huge shoutout to our incredible team, investors, and customers who continue to fuel our mission of using an AI-first approach to solving business problems! 🙌✨ Know more about us at https://nanonets.com/ #Nanonets #SeriesBFunding #CNBCTV18Interview #TechNews

A heartfelt thanks to Y Combinator for their unwavering support throughout our journey. Your guidance and belief in our vision have been instrumental in propelling Nanonets to new heights. We are proud to be part of the YC family! 🙌

Thank you Saritha Rai for capturing our journey and accomplishments so well. We're honored to have our story shared through your lens. Here's to continued collaboration and exciting times ahead!

Workflow automation platform Nanonets raises $29 million led by Accel The AI-based platform aims to use the funds for #research and development to improve its algorithms, as well as for scaling its #marketing and sales efforts.

📌Nanonets raised $29 million in funding to enhance its AI workflow automation system’s accuracy and facilitate team expansion. 📌"There are millions of highly skilled professionals stuck looking for needles in haystacks and entering this data from these documents into different software. Nanonets uses cutting-edge AI to automate these different processes. We are taking the most repetitive and mundane office work and automating it,” said Sarthak Jain, CEO and co-founder of Nanonets. ⭐️ Read more on MPost: https://lnkd.in/dwXxKaFv 🚨 Follow us for the latest AI, Crypto & Metaverse News #datascience #generativeaitools #aidevelopment #llm #aiandml #datascience #generativeaitools #aidevelopment #AI #Metaverse #technology #responsibleAI #dataanalytics #generatieveai #ArtificialIntelligence #generativeai #ai4good #aicommunity #ai #generativemodels #aiandml

Is your Business Struggling to Reconcile its Accounts? Imagine building a financial picture for your business, only to realize crucial pieces are missing or don't quite fit. That's where financial reconciliation comes in, acting as the detective to uncover discrepancies and ensure your financial health is crystal clear. Why should you care? ✅ Accuracy is king: Reconciliations catch errors and omissions before they snowball into bigger problems.️ ✅ Compliance made easy: Stay on top of regulations with accurate records, avoiding hefty fines and headaches. ⚖️ ✅ Fraud? Not on your watch! Identify suspicious activity early on and protect your hard-earned cash. ✅ Smarter decisions, better results: Make informed choices based on reliable financial data, leading to growth and success. ✅ Boost your cash flow: Eliminate discrepancies between bank statements and accounting records, freeing up valuable resources. Reconciliation is a laborious and a time-consuming process. It not only takes away crucial time from your finance team, but also creates delivery pressure at the end of the month. However, in today’s AI driven world, businesses can automate their reconciliation process with AI. That helps businesses finance teams focus on more important tasks, saving time, money and effort. Connect with us today and see how we can unlock your business's true potential! ➡️ https://lnkd.in/gcv3eKe4 #financialreconciliation #accounting #businessgrowth #financialhealth #fraudprevention #compliance #cashflow P.S. Share your biggest financial concerns in the comments! We're here to help.