Bangalore-based TAO Automation Services Pvt. Ltd, which runs an eponymous machine learning startup, has raised an undisclosed amount in seed funding from Mohandas Pai-backed early-stage venture capital firm 3one4 Capital and investor Arihant Patni, it said in a press statement.
The startup also announced that Swaminathan Dandapani, former managing director and chief executive of Infosys BPO and former executive chairman of Manipal Health Enterprises, has joined its board of directors.
TAO Automation was founded in late 2016 by Jawahar Bekay (executive chairman), Arjun Vaznaik (chief executive), Narayanaswamy Hariharan, Suma Subramanian, and Ravi Hossur.
Bekay is an alumnus of SP Jain Institute of Management and Research while Vaznaik went to Asian Institute of Management, Philippines. Vaznaik also worked with technology giant IBM in the past.
An automation consulting and services provider, TAO enables companies to develop and implement customised automation strategies.
“It’s time for companies to do some real work in automating processes,” Bekay said in the statement. “The last 12 months in the robotic process automation space have largely been a testing of waters by companies. Our outcomes, life-cycle approach along with a platform and framework offering are unique and will provide real efficiencies and hard savings to an enterprise,” he added.
”We strongly believe that this is the future of work. Companies across the world will need to embrace this change and leverage the insights and efficiencies that automation will provide," said Pai.
Arihant Patni and Amit Patni are sons of Gajendra Patni, the eldest of the three Patni brothers who founded Patni Computers and later sold it to Nasdaq-listed iGate Technologies for $1.5 billion in January 2011. Almost six months later, Arihant and Amit floated Nirvana Venture Advisors, a VC fund focused on the Internet space in India.
In November last year, human resources technology startup DoSelect raised a seed round from Pai’s 3one4 Capital and Mumbai Angels.
In July 2016, Hyderabad-based Darwinbox, an HR software services startup, raised an undisclosed amount in seed funding from 3one4 Capital, Tracxn Labs, Aaruha Technology Fund and Endiya Partners.