https://techcrunch.com/2021/03/15/deepsee-ai-raises-22-6m-series-a-for-its-ai-centric-process-automation-platform/

DeepSee.ai, a startup that helps enterprises use AI to automate line-of-business problems, today announced that it has raised a $22.6 million Series A funding round led by led by ForgePoint Capital. Previous investors AllegisCyber Capital and Signal Peak Ventures also participated in this round, which brings the Salt Lake City-based company’s total funding to date to $30.7 million.

The company argues that it offers enterprises a different take on process automation. The industry buzzword these days is ‘robotic process automation,’ but DeepSee.ai argues that what it does is different. I describe its system as ‘knowledge process automation’ (KPA). The company itself defines this as a system that “mines unstructured data, operationalizes AI-powered insights, and automates results into real-time action for the enterprise.” But the company also argues that today’s bots focus on basic task automation that doesn’t offer the kind of deeper insights that sophisticated machine learning models can bring to the table. The company also stresses that it doesn’t aim to replace knowledge workers but help them leverage AI to turn the plethora of data that businesses now collect into actionable insights.