Fisent, a Toronto, Canada-based company which specializes in applied GenAI process automation solutions, raised an undisclosed amount in funding.
Backers included Pegasystems, Sand Dollar Capital and others.
The company intends to use the funds to accelerate the growth of its BizAI product as the market leader in applied GenAI process automation.
Led by Adrian Murray, Founder and CEO, Fisent offers a BizAI solution that enables end-to-end automation of repetitive business tasks through the application of foundational GenAI models, increasing back-office efficiencies by reducing the manual workload that comes with human interpretation of different types of data and content. For example, if customers submit reimbursement receipts to an airline after a cancelled flight, BizAI can interpret those receipts, categorize expenses, and discern which expenses are associated with the cancelled flight, saving valuable hours of employees’ time and expediting resolution processes.
BizAI is already used by companies that range from small banks to Fortune 500 corporations. The solution is being deployed for many use cases, representative examples include Purchase Order (PO) processing for a Fortune 1000 company, Regulatory Testing for several Banks/FinTechs, Client Onboarding for multi-national Banks, Contract processing for multi-national Commercial Insurance organization.
FinSMEs
06/08/2024