AI Based startup E42 raises $5.4 Mn

AI Based startup E42 raises $5.4 Mn

Light Information Systems, a Natural Language Processing AI-workforce startup, has raised $5.4 million in a Series A round headed by Pavestone Ventures. The startup’s no-code AI platform E42 enables companies to automate otherwise time-consuming and resource-intensive activities.

Enterprise clients of Light Information Systems can create and customize “AI Co-workers” to handle a wide range of tasks ranging from customer service and human resources to corporate analytics and intelligence gathering.

Clients of the startup vary in industries and sizes, from SMEs to Fortune 500 companies. Animesh Samuel and Sanjeev Menon founded the Pune-based startup in 2021 to help clients automate people-centric processes by leveraging human-like cognition and natural language processing E42’s, which took over 150 person-years of R&D to develop.

The startup currently employs about 40 people, 35 of them are engineers. E42 intends to double that number to 80 by the end of the year, using the funds raised to accelerate growth and adoption.

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