About Nanonets
Nanonets is a company based in San Francisco (United States) founded in 2017 by Sarthak Jain and Prathamesh Juvatkar.. Nanonets has raised $40.9 million across 4 funding rounds from investors including Accel, Y Combinator and Elevation Capital. Nanonets offers products and services including Document Processing Platform, Workflow Automation Tool, and AI Agent Platform. Nanonets operates in a competitive market with competitors including Box, Elastic, Primer, Radius and Cohere, among others.
- Headquarter San Francisco, United States
- Founders Sarthak Jain, Prathamesh Juvatkar
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Nanonets Web Services Private Limited
- Date of Incorporation 27 Feb, 2017
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$72.71 (USD)0as on Mar 31, 2018
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Net Profit
$-437.29 (USD)0as on Mar 31, 2018
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EBITDA
$-510 (USD)0as on Mar 31, 2018
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Total Equity Funding
$40.9 M (USD)
in 4 rounds
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Latest Funding Round
$29.28 M (USD), Series B
Mar 12, 2024
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Investors
Accel
& 8 more
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Employee Count
Employee Count
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Products & Services of Nanonets
Nanonets offers a comprehensive portfolio of products and services, including Document Processing Platform, Workflow Automation Tool, and AI Agent Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 4
- Last Round Series B — $29.3M
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First Round
First Round
(21 Mar 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - Nanonets | Valuation | Accel | |
| Feb, 2022 | Amount | Series A - Nanonets | Valuation | Elevation Capital | |
| Jun, 2017 | Amount | Seed - Nanonets | Valuation | Soma Capital , Sound Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nanonets
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nanonets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nanonets Comparisons
Competitors of Nanonets
Nanonets operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Box, Elastic, Primer, Radius and Cohere, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Cloud based text analytics platform
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| domain | founded_year | HQ Location |
AI based text summarization and contextualization software tool
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Text data analytics platform powered by AI for enterprises.
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| domain | founded_year | HQ Location |
Market data is analyzed by AI to generate consumer insights.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nanonets
Frequently Asked Questions about Nanonets
When was Nanonets founded?
Nanonets was founded in 2017.
Where is Nanonets located?
Nanonets is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Nanonets?
Sarthak Jain is the current CEO of Nanonets. They have also founded this company.
Is Nanonets a funded 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 $1.5M, raised on Mar 21, 2017.
What is the annual revenue of Nanonets?
Annual revenue of Nanonets is $72.71 as on Mar 31, 2018.
What does Nanonets do?
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.
What products or services does Nanonets offer?
Nanonets offers Document Processing Platform, Workflow Automation Tool, and AI Agent Platform.
Who are Nanonets's investors?
Nanonets has 9 investors. Key investors include Accel, Y Combinator, Elevation Capital, Soma Capital, and SV Angel.
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