Nanonets Series B

2024 Series B AI Raised $29,000,000
Industry
AI
Stage
Series B
Raised
$29,000,000

Company Overview

Nanonets is an AI workflow automation startup that provides no code and AI-powered automation software products to large businesses. The company mainly focused on finance functions like accounts payable and reconciliation. In the past two years, Nanonets has experienced significant growth in its customer base, with over 34 of Global Fortune 500 companies utilizing its AI-based workflow automation platform across various sectors including Finance, Accounting, and Operations. The companys user base has witnessed a remarkable fourfold increase over the last 12 months. Nanonets used this pitch deck to raise a $29 million Series B round led by Accel, alongside existing investors like Elevation Capital and YCombinator. Previously, Nanonets shared their Series A pitch deck used to raise $10M after graduating YCombinator.

Business Model

B2B

Customer Model

SaaS

Pitch Deck

Market Opportunity

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