About Nanonets
Nanonets is a Technology company based in San Francisco (United States) founded in 2017 by Sarthak Jain and Prathamesh Juvatkar. AI-powered platform for document processing and workflow automation is offered. Nanonets has raised $40.9 million across 4 funding rounds from investors including Accel, Y Combinator and Elevation Capital. Its chief executive, as recorded, is Sarthak Jain. Its website nanonets.com draws about 346 thousand monthly visits. Nanonets offers products and services including Document Processing Platform, Workflow Automation Tool, and AI Agent Platform. Its focus areas include Enterprise Applications, Business Intelligence, Unstructured Data Analytics and Text Analytics. Its legal entity in India is Nanonets Web Services Private Limited (U72502KA2017FTC100862). Its competitors include Box, Elastic and Primer; 3 of its 3 listed competitors have raised funding.
Company details
Provider of an AI-powered platform for document processing and workflow automation. The platform offers data capture from various document types and automates document and email workflows, AP automation, and financial reconciliation. It provides solutions for finance, accounting, supply chain, operations, HR, customer support, and legal functions across industries like banking, finance, insurance, healthcare, logistics, and commercial real estate. The platform automates complex business processes with AI, extracting information from unstructured data and integrating with various systems.
- Headquarters San Francisco, United States
- Founders Sarthak Jain, Prathamesh Juvatkar
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website nanonets.com
- Social LinkedIn X Facebook
- Legal Name Nanonets Web Services Private Limited
- Date of Incorporation 27 Feb, 2017
- Jurisdiction Bengaluru, Karnataka, India
- Indian entity revenue₹5,063
FY 2018
- Indian entity net loss-₹30,450
FY 2018 · -601% margin
- Indian entity EBITDA-₹30,450
FY 2018 · -601% margin
- Total Equity Funding$40.9M (USD)
in 4 rounds
- Latest Funding Round$29.28M (USD), Series B
Mar 2024
- InvestorsAccel
& 8 more
Associated legal entities of Nanonets
Nanonets operates through Nanonets Web Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Nanonets Web Services Private Limited CIN U72502KA2017FTC100862 | Active | 27 Feb 2017 | Bengaluru, Karnataka | ₹0.0 Cr | 2 | View details |
Products & Services of Nanonets
Nanonets offers a comprehensive portfolio of products and services, including Document Processing Platform, Workflow Automation Tool, and AI Agent Platform.
Automates data extraction from various documents for business use.
Streamlines complex processes like AP and reconciliation.
Enables no-code automation for data review and integration.
Funding Insights of Nanonets
Nanonets has successfully raised a total of $40.9M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $29.28 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $40.9M
- Total Rounds 4
- Last Round Series B — $29.28M
- First Round $120,000
(Mar 2017)
- Investors Count 9
All 4 funding rounds of Nanonets with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $29.28M | Series B | – | Accel | |
| Feb 2022 | $10M | Series A | – | Elevation Capital | |
| Jun 2017 | $1.5M | Seed | – | Soma Capital, Sound Ventures | |
| Mar 2017 | $120,000 | Seed | – | – |
9 investors in total: 8 institutional and 1 angel.
Investors in Nanonets
Nanonets has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accel, Y Combinator and Elevation Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Early-stage investments are provided by Soma Capital to startups. | somacap.com | San Francisco, United States | ||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
| prosus-ventures.us | ||||
Venture capital firm focused on multiple sectors | soundventures.com | |||
| wipro.com/en-IN/innovation/ventures | ||||
AK Ashton Kutcher | Actor, entrepreneur, and angel investor in tech startups globally. | unknown_915d37f1f55241909 |
Investor details for Nanonets
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Nanonets Web Services Private Limited (Nanonets)
Nanonets Web Services Private Limited is the primary company behind Nanonets. The board of Nanonets Web Services Private Limited currently have 2 directors; the longest-serving is Nithin Kumar Gadiparthi, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nithin Kumar Gadiparthi DIN 06683375 | Director | 27 Feb 2017 | 9 yrs 8 mo | Nanonets Web Services Private Limited |
| Hoosein Safdari DIN 07688117 | Director | 27 Feb 2017 | 9 yrs 8 mo | Nanonets Web Services Private Limited |
People of Nanonets
28 people are tracked at Nanonets (9 in leadership, 19 in team).
| Name | Role | Group |
|---|---|---|
Sarthak Jain | Co-Founder & CEO | Leadership |
Prathamesh Juvatkar | Co-Founder | Leadership |
Prithiv Sassisegarane | Head Of Growth/content | Leadership |
Aakash Mehta | VP, Sales | Leadership |
| Director Of Account Management | Leadership | |
Medha Gupta | Head Of Customer Success - Europe And Asia Pacific | Leadership |
Tanmay Jhunjhunwala | Chief Of Staff And Head Of Strategy | Leadership |
Shubham Jaiswal | Client Partner | Leadership |
Ashik Qureshi | Vertical Head - HIL | Leadership |
Atish Sinha | Account Executive | Team |
Mahir Patrawala | Revenue Strategy And Operations Manager | Team |
Aviral R. | Customer Success Manager | Team |
Jason Teh | Engagement Manager | Team |
Akanksha Patnaik | Engagement Manager | Team |
Himanshu Raghuwanshi | Sr. SDR | Team |
Manikanth Aldi | Enterprise Account Manager | Team |
Dishank Bhayana | Customer Success Manager | Team |
Hitarth Shah | Engagement Manager | Team |
Palak Jajoo | Growth and Customer Success | Team |
Sammhit Mohapatra | Engagement Manager | Team |
8 more people are available in the full profile.
Complete people profiles for Nanonets
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Nanonets
Figures of Nanonets Web Services Private Limited, the primary company behind Nanonets, for FY 2018. Revenue was ₹5,063. Net loss was -₹30,450 (-601% margin). EBITDA was -₹30,450 (-601% margin).
- ₹5,063Revenue · FY 2018
- -₹30,450Net loss · -601% margin
- -₹30,450EBITDA · -601% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Nanonets Web Services Private Limited are on its company page.
Detailed financial statements for Nanonets
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Nanonets
3 dated milestones of Nanonets across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Nanonets is founded.
- Funding First funding round of $120K.
- Funding Latest funding round, Series B, of $29.3M.
Competitors of Nanonets
Nanonets has 3 listed competitors in our database, 3 of them funded. They include Box, Elastic and Primer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| box.com | 2005 | Redwood, United States | $692.63M | AI-based platform for secure collaboration and content management is utilized. | ||
| elastic.co | 2012 | Mountain View, United States | $104M | 3,187 | Cloud based text analytics platform | |
| primer.ai | 2015 | San Francisco, United States | $222.7M | 194 | AI based text summarization and contextualization software tool |
Detailed competitors of Nanonets
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Nanonets
The website of Nanonets (nanonets.com) receives about 346K visits a month.
- Monthly visits346K
▲ 12% vs previous month
Websites whose visitors overlap most with Nanonets. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| formx.ai | 100% | 680.7K | #658,808 | View details | |
| imagetoexcel.com | 80% | #609,510 | View details | ||
| rossum.ai | 78% | 71.4K | #502,545 | View details | |
| huggingface.co | 76% | 24.9M | #1,689 | View details | |
| jpgtoexcel.com | 74% | #109,737 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Nanonets
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Top companies in Enterprise Software & Platforms
3 companies that operate in the same segment as Nanonets (Enterprise Software & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 4,447 | |
Cloud-based big data warehouse for enterprise data management is provided. | 2012 | Bozeman, Montana, United States | USD 1.46 B | USD 3.63 B | 12,114 | |
Cloud-based platform for enterprise search | 2019 | Palo Alto, California, United States | USD 765.3 M | 1,751 |
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Related news about Nanonets
Complete news archive for Nanonets
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Frequently Asked Questions about Nanonets
Nanonets was founded in 2017.
Nanonets is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Sarthak Jain is the CEO of Nanonets, as recorded in our data. They have also founded this company.
Nanonets is a funded company, having raised a total of $40.9M across 4 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Mar 2017.
The primary company behind Nanonets, Nanonets Web Services Private Limited, reported revenue of ₹5,063 for FY 2018.
Provider of an AI-powered platform for document processing and workflow automation. The platform offers data capture from various document types and automates document and email workflows, AP automation, and financial reconciliation. It provides solutions for finance, accounting, supply chain, operations, HR, customer support, and legal functions across industries like banking, finance, insurance, healthcare, logistics, and commercial real estate. The platform automates complex business processes with AI, extracting information from unstructured data and integrating with various systems.
Nanonets offers Document Processing Platform, Workflow Automation Tool, and AI Agent Platform.
Nanonets has 9 investors. Key investors include Accel, Y Combinator, Elevation Capital, Soma Capital, and SV Angel.
Nanonets operates through Nanonets Web Services Private Limited.
The legal entities of Nanonets currently have 2 directors, including Nithin Kumar Gadiparthi, Hoosein Safdari.
The website of Nanonets receives about 346 thousand visits a month.