KYP.ai raises EUR 17.5m to generate real-time insights that boost GenAI driven productivity
Berlin, 20 September 2023 – KYP.ai, the Productivity 360 plug-and-play cloud platform that provides data-driven insights for process automation, today announced the completion of a Series A investment round, bringing total capital raised to date of EUR17.5 million. The Series A round was led by OTB Ventures, Europe’s leading deeptech VC firm, and joined by existing investors 42CAP and US-based investor, Tola Capital.
Founded in 2018 and headquartered in Germany, KYP.ai applies artificial intelligence (AI) to collect and surface impactful productivity insights for leading enterprises such as DHL, Mindsprint BPS, Hollard, Qinecsa, Allied Global and Alorica to improve their top and bottom line.
The Series A investment round for KYP.ai reflects its momentum on five continents serving the technology, insurance, healthcare, utilities, business process outsourcing (BPO) and logistics sectors. The Productivity 360 platform provides organisation-wide, live visibility at scale across all business software platforms and systems, generating real-time insights to boost productivity in a challenging macroeconomic environment,
KYP.ai deploys its AI-powered enterprise software to collect organisations’ data for productivity insights on people, process and technology, resulting in ROI typically within three months. Processing high volume, real-time data, KYP.ai demonstrates a strong track record of delivering a 34% increase in process automation and 26% cost optimisation. Its software also boosts process standardisation by 78% and efficiency by 32%, representing further cost savings for customers. “By digitally capturing events data and enabling remote process discovery, KYP.ai facilitated digital value stream mapping virtually and at scale, streamlining operations and saving valuable time and resources.” says Krishna Ramkrishnan, Director & Head of Operational Excellence at Mindsprint BPS.
The new funding will support KYP’s ambitions to scale its operations in the US as well as deepening its customer base and operations in Europe, India, Singapore and China. The investment will also empower KYP.ai to promote and further expand its latest feature of GenAI opportunity identification. This cutting-edge KYP.ai add-on has already demonstrated substantial cost savings within the piloted CIO departments.
Adam Bujak, CEO and co-founder of KYP.ai, said:
“Today is an important milestone for KYP.ai as we are scaling our business globally. We look forward to partnering with our new and existing investors to deliver our productivity 360 vision to customers in new markets and continue to enable business leaders to make deeply informed and responsive decisions to drive value and cost savings as they navigate the current business environment. ”
Adam Niewiński, Managing Partner and co-founder of OTB Ventures, said:
“The future lies in leveraging emerging tech to measure productivity, no matter the location. That’s where KYP.ai steps in. Armed with real-time data, this AI-based platform empowers top executives to stay ahead of the competition and kick starts a productivity revolution.”
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KYP.ai is a productivity 360 SaaS player, offering a cutting-edge platform that empowers businesses to unlock the full potential of their processes, people, and technology. With a multidimensional approach, KYP.ai helps companies get a 360-degree view, connecting the dots and navigate the complexities of today’s business landscape.