India: Keito Tech Private Limited, a Pune headquartered startup and part of Amplifi SaaS 2nd cohort have successfully raised second-round funding from one of its key customers -Pune based Suma Soft Pvt Ltd. (www.sumasoft.com). The round also saw participation from existing angel investors including Vishnu Bhat (promoter Blue Neem and ex-Infosys Global head of cloud), Amit Singal (Co-founder of Startup Buddy), Amitava Neogi (ED and COO of Centrum Wealth), Siddharth Sood (CEO of AG Acoustics), Ajay Kotkar (founder-director of Arges Global), and Rajiv Lunkad and Sanjog Lunkad (promoters of PDR Electronics), among others. The startup previously raised its Pre-Seed round in April 2018, led by Sudarshan Narayan of Amplifi SaaS Accelerator. Founded in November 2016 by Amal PS, Keito has launched two products – Kapture and Ira – enabling enterprises to maximize performance.
Keito is a disruptive enterprise Artificial Intelligence(AI) and productivity-focused start-up with a mission to make enterprises future-ready.
Mr. Surendra Brahme, Director of Suma Soft Pvt. Ltd said, “Sumasoft has always been focused on providing tech-enabled BPO services since inception. Suma Soft believes that for bringing more efficiency, cost benefits and scalability in business processes, automation with Robotic Process Automation (RPA) & Cognitive AI is the solution. Our strategic investment in Keito will enable Suma Soft to further strengthen its capability in delivering such solutions to its customers.”
Amal PS, Founder & CEO of Keito said “It’s a great pleasure to welcome one of our key customers on our cap table. Nothing validates the venture and the opportunity as much. The funds will be utilized for scale, current product updates, introducing new products, customer acquisition and strengthening the fundamentals for consistent & sustainable growth. The experience, knowledge & global customer base that Suma Soft brings to the table will enable us to achieve the next level of growth by offering end to end solutions. This is going to be a fantastic partnership. Thank you Suma Soft team for believing in us.”
On behalf of the angel investors, Sudarshan Narayan, MD of Amplifi Asia added “It has been an absolute pleasure working with Amal and seeing him & the team grow – a privilege to have Keito in our portfolio. This is possibly one of the most seamless & fastest fundraises I have ever known or been part of. Credit goes to Amal for his laser-sharp focus on customer acquisition & revenue along with building a product portfolio that the market desperately needs. I am very sure that Keito is going to set many benchmarks as it grows into a global brand in enterprise-AI & productivity.”
Kapture solves the problem for the digitization of unstructured forms and image documents, with the capability to configure workflow and faster integration with APIs to RPA players.
Ira, its email management assistant, is being used at various enterprises for program management, customer support, ensuring priorities are sorted at various levels of the organization and integrate the same into their CRM systems.