In a significant move, Shanghai-based AI and RPA (Robotic Process Automation) vendor, DataGrand, has successfully concluded a Series C financing round, securing an impressive $90 million (RMB 580 million) in funding.
Strategic Backing from Key Players
The Series C financing round saw notable participation from major financial entities, including CITIC Securities, CMS Securities, GF Securities, CSC Securities, along with prominent investment firms like SCGC, Hundreds Capital, Xiang He Capital, Legend Star, and Sunshine Insurance Group.
Empowering Intelligent RPA and Technical Innovation
DataGrand plans to strategically utilize the newly acquired funds to fortify its leading position in the realm of Intelligent RPA. The focus will be on accelerating technical innovation and expanding the industrial application of its core products and solutions. These include cutting-edge technologies such as Natural Language Processing (NLP), Optical Character Recognition (OCR), Knowledge Graph, Intelligent Recommendations, and Hyperautomation.
Unveiling DataGrand’s Evolution
Established in 2015, DataGrand has played a pivotal role by providing a comprehensive system that seamlessly integrates RPA with IDP (Intelligent Document Process). This unique combination has found applications in intelligent office scenarios within enterprises. Noteworthy applications include contract review, data search and recommendation, automatic reporting, and text analysis. These solutions have consistently delivered substantial value, particularly within the “smart office” environments of numerous Fortune 500 companies.
Transformative Solutions: RPA and IDP Integration
DataGrand’s innovative approach revolves around merging RPA capabilities with Intelligent Document Process (IDP). This powerful combination has been instrumental in addressing various aspects of intelligent office scenarios, offering tailored solutions for tasks such as contract review, data search, recommendation algorithms, automatic reporting, and text analysis.
Unraveling the Threads: Core Products and Solutions
The funding injection is set to propel the advancement of DataGrand’s core products and solutions. Notable among these are Natural Language Processing (NLP), Optical Character Recognition (OCR), Knowledge Graph, Intelligent Recommendations, and Hyperautomation. This strategic focus is geared towards staying at the forefront of technological evolution and solidifying DataGrand’s position as an industry leader.
Navigating the Future: Accelerated Technical Innovation
With a dedicated focus on technical innovation, DataGrand aims to elevate the capabilities of its Intelligent RPA solutions. The infusion of funds will drive research and development, ensuring that the company continues to pioneer advancements in areas such as NLP, OCR, Knowledge Graph, Intelligent Recommendations, and Hyperautomation.
A Glimpse into the Future
As DataGrand propels forward, the Series C funding marks a pivotal moment in its evolution. The infusion of $90 million not only validates the company’s vision but also positions it to make significant strides in the ever-evolving landscape of AI and RPA. With a steadfast commitment to innovation and a track record of delivering value to Fortune 500 companies, DataGrand is poised to shape the future of Intelligent RPA.