Nanonets
AI-powered document-processing and workflow-automation platform. Founded in 2017 by IIT Gandhinagar alumni Sarthak Jain (CEO) and Prathamesh Juvatkar (CTO), who previously co-founded content-aggregation startup Cubeit (sold to Myntra in 2016). Went through Y Combinator (W17). Headquartered in San Francisco with an India subsidiary, Nanonets Web Services Private Limited, registered in Bengaluru; about 100 employees, with most of the engineering team…
Nanonets: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 12 Mar 2024 | Series B | $29 Mn | Accel Elevation Capital Y Combinator | source |
| 16 Feb 2022 | Series A | $10 Mn | Elevation Capital Amar Goel Ashish Gupta Gautam Kumar Khadim Batti Krish Subramanian Kushal Nahata Nakul Aggarwal Rajaraman Santhanam Ritesh Arora Vara Kumar Namburu Vetri Vellore | source |
| 21 Mar 2017 | Seed | Undisclosed | source |
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Who founded Nanonets?
Nanonets was founded by Sarthak Jain, Prathamesh Juvatkar in 2017.
How much funding has Nanonets raised?
Nanonets has raised $39 Mn across 3 tracked funding round(s), most recently on 2024-03-12. Figures are compiled from cited public sources.
Who are the investors in Nanonets?
Investors in Nanonets include Accel, Elevation Capital, Y Combinator, Amar Goel, Ashish Gupta, Gautam Kumar, Khadim Batti, Krish Subramanian.
What does Nanonets do?
AI-powered document-processing and workflow-automation platform. Founded in 2017 by IIT Gandhinagar alumni Sarthak Jain (CEO) and Prathamesh Juvatkar (CTO), who previously co-founded content-aggregation startup Cubeit (sold to Myntra in 2016). Went through Y Combinator (W17). Headquartered in San Francisco with an India subsidiary, Nanonets Web…
Where is Nanonets headquartered?
Nanonets is headquartered in San Francisco, India.
What is Nanonets's business model?
Nanonets's core value proposition centers on AI agents that automate document-heavy back-office work, High straight-through processing accuracy, Cuts invoice processing time from minutes to seconds, Human-in-the-loop for ambiguous cases.
How does Nanonets make money?
Nanonets's cited revenue streams include Tiered SaaS subscriptions (Pro & Enterprise), Recurring revenue growing roughly 3x year-over-year.