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Skan AI Secures $63M to Give Enterprise AI the Context It's Missing

Skan AI announced $63 million in funding co-led by Cathay Innovation and Dell Technologies Capital, alongside the launch of its enterprise AI platform including Skan AI Blueprint and Skan AI Agents. The company, powered by NVIDIA AI Enterprise, has grown over 300% year-over-year, processed over 25 billion work signals, and works with seven of the ten largest US banks.

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Skan AI Raises $63M to Teach AI the 'Work Context' Lesson

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Skan AI completes a $63 million funding round and launches an enterprise AI platform that aims to provide AI with context by observing real work processes, addressing the challenge of deploying agentic AI.

  • Skan AI secures $63 million in funding, co-led by Cathay Innovation and Dell Technologies Capital, with participation from Citi Ventures, Bloomberg Beta, State Farm Ventures, and Wipro Ventures.
  • The company reports over 300% year-over-year growth, processes over 25 billion work signals, and serves seven of the top ten U.S. banks and a quarter of the Fortune 50.
  • At a major U.S. bank, Skan AI identified $37 million in operational friction, reduced per-transaction costs by 32%, increased throughput by 41%, and has generated over $500 million in cumulative customer value.
Open section navigationFunding and Product Launch

Funding and Product Launch

Skan AI announced $63 million in funding, co-led by Cathay Innovation and Dell Technologies Capital, with participation from Citi Ventures, Bloomberg Beta, State Farm Ventures, and Wipro Ventures. Alongside the funding, the company launched its enterprise AI platform, including the general availability of Skan AI Blueprint and Skan AI Agents, which together with Skan AI Intelligence form a complete platform.

CEO Avinash Misra used an analogy to explain the positioning: "Everyone is obsessed with building better cars; we think the bigger opportunity is building a better navigation system." Cathay Innovation partner Simon Wu stated that Skan AI is the only company that builds context by directly observing work itself and carries it through to production agents.

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This article is based on Skan AI's press release, and data is provided by the company without independent verification. Gartner data is cited secondhand, and the specific report is not provided.

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