Intel Capital led a Series C investment of $35 million in the autonomous business monitoring company Anodot which raised the company’s total funding to $62.5 million.
With the perpetual change in the market and global conditions, organizations are looking for ways to identify and address business incidents in real-time. Anodot offers these organizations with its unsupervised ML-powered autonomous monitoring approach to monitor business metrics, including revenue, cost, partners and customer experience, and proactively alert on potential issues.
Investment Director, Roi Bar-Kat will join Anodot’s board of directors.
Intel Capital believes that Anodot, with its ML-based monitoring solutions, is going to be a game-changer in saving and optimizing an organization’s business cost, given its impressive customer base traction and proven ROI.
The massive investment in Anodot is a vote of confidence in ML and autonomous technologies dictating the future.
Anodot CEO and co-founder, David Drai, explains the functions of the company. Anodot aims at delivering the right decisions in real-time, taking necessary actions, avoid losses, and thrive during the times of economic turbulence.
Anodot is using its ML tech beyond business use cases for Social good by tracking the surges or drops in reported COVID-19 cases by region.
Investment in Anodot is a step towards a future in which businesses will increasingly harness ML and autonomous technologies.
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