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E42 raises $5.4M in Series A round

e42 funding

Light Information Systems announced that it has raised $5.4 million led by Pavestone Ventures in a Series A round.

The Pune-based startup plans to use the freshly raised funds to strengthen R&D, build its partner ecosystem, and engage businesses globally. The company was established in 2012 by Animesh Samuel and Sanjeev Menon.

E42 is a natural language processing-based AI platform developed by Light Information System that can be used to build AI coworkers that automate complex people and process-centric functions towards time, energy, resource, and cost optimization.

Speaking about the funding, Animesh Samuel, CEO, Light Information System Private Limited, said, “We are thrilled to receive the funding as it will help us strengthen our research and partner ecosystems and help us scale and serve enterprises across geographies. Our Cognitive Process Automation platform has benefited organizations, big or small with automating complex and people-centric processes, that too, with a return on investment in as short a time as two weeks.

“We believe that an AI-driven strategy will be at the core of every business to succeed. We want to help these organizations in mapping out this strategy with the help of our multifunctional cognitive agents/AI Co-worker, which will help these businesses succeed by optimizing profits while reducing time-consuming and difficult processes. We want to open up our easy to deploy, maintain, and migrate the no-code platform to enterprises and partners globally to come and try out different automation that can be customized as per their requirements,” he added.

Commenting on the investment, Sridhar Rampalli, Managing Partner, Pavestone Ventures, added, “We’re happy to be a part of E42’s growth story. The need for end-to-end process automation has never been greater as AI-led enablement and automation across enterprises is maximizing efficiencies and scalability while minimizing complexities and costs. We believe the E42’s platform has a combination of both horizontal and vertical capabilities, which exposes significant scope to deliver across enterprise functions at scale and depth.” 

Light Information Systems seems to be an interesting startup offering innovative AI solutions. I’m sure the company will soon emerge as a dominant player in the market. My best wishes to the team of Light Information Systems.

Shishir Gupta, Founder and CEO, StartupLanes

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