Skan AI raises $63M to give AI agents a map of enterprise work
Process intelligence company Skan AI said today it raised $63 million in a Series C round to help further develop a platform that records how enterprise work actually gets done and feeds that record to artificial intelligence agents. Founded in 2019, the company offers software that sits on employee desktops, grabs screenshots and then processes […] The post Skan AI raises $63M to give AI agents…
Work intelligence startup Skan AI announced a $63 million Series C funding round to bolster its platform that maps how enterprise processes actually unfold, then supplies that data to AI agents. Founded in 2019, Skan AI records employee desktop activities, capturing screenshots that remain on the device itself. The anonymized metadata collected – applications used, order, decision points – is fed into Skan AI's analytics platform.
The platform is divided into Blueprint, Intelligence, and Agents. Blueprint maps processes across systems and teams. Intelligence identifies inefficiencies and time/money leaks. Agents deploy automation based on top performers' actions. In a U.S. bank deployment, Skan AI analyzed 11.2 million context switches across 1,500 staff, uncovering $37 million in operational friction.
By implementing Skan AI's agents, the bank reduced cost per transaction by 32% and increased throughput by 41%, yielding $18 million in annual savings. Skan AI's CEO Avinash Misra compared building a better navigation system to constructing a superior car. The company's revenue grew over 300% year-over-year, with net dollar retention averaging 150%.
It has processed more than 25 billion work signals across customers like a quarter of the Fortune 50, seven of the top 10 U.S. banks, and three of the five largest U.S. insurers, including Mitie Group plc. Skan AI claims average operational savings of 30% to 40% for its customers, with cumulative value exceeding $500 million. Led by Cathay Innovation and Dell Technologies Capital, the round also saw participation from Citi Ventures, Bloomberg Beta, State Farm Ventures, and Wipro Ventures.
Dell Technologies Capital led Skan AI's $40 million Series B in March 2022, backed by Citi. Cathay Innovation's Simon Wu sees enterprise work context as the next infrastructure layer for corporate AI, arguing Skan AI uniquely builds this context through direct observation. Raman Khanna, Dell Technologies Capital's managing director, noted the mandate for enterprises to identify AI-driven operational advantages. With the new funding, Skan AI's total raised reaches about $120 million since 2019.
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