Asato.ai, the AI-powered enterprise Copilot platform, received $7.5 million in a seed funding round co-led by Intel Capital and Lip-Bu Tan and With participation from Shah Capital Partners and a number of well-known angel investors, including Ammarjit Gill, a serial entrepreneur and investor at Nepenthe Capital, Ash Bhardwaj, an entrepreneur and investor, Charlie Giancarlo, CEO and Chairman of Pure Storage, and Sanjay Mehrotra, President and CEO of Micron Technologies, Inc.
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With the support of this funding, Asato is prepared to launch the first AI-powered corporate CIO Copilot in the market.
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“We founded Asato with a clear vision to empower enterprise CIOs with unprecedented visibility and the strength of AI to provide actionable insights, ultimately transforming how CIOs manage the business of IT,” said Sundari Mitra, CEO and co-founder of Asato. “This seed funding not only validates our vision but also provides the resources needed to accelerate the development of our Copilot platform.”
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“We are witnessing a transformative era where AI is reshaping every facet of enterprise operations. Asato’s approach uses AI to go beyond spending optimization by bringing new insights on the impact of IT decisions on operations and the business itself,” said Anthony Lin, Managing Partner and Head of Intel Capital. “We’ve had the pleasure of working with Asato cofounders Sundari and Anush over the years; their track record of innovation instills confidence in Asato’s vision and promise.”
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“Having closely worked with the founding team over the past 10 years, I have witnessed their remarkable dedication and innovation in action. My continued support for this exceptional team and their vision for Asato is not just an investment; it’s a reflection of my confidence in their ability to reshape the enterprise IT management landscape”, said Lip-Bu Tan, Chairman of Walden International and Intel Board Member.
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About Asato.ai
Asato is building an AI-powered enterprise copilot platform for the CIO. Our mission is to empower CIOs with unprecedented visibility and control through the power of AI, enabling them to optimize IT spend and drive decisive actions. Asato’s platform discovers, connects, and contextualizes IT and Talent assets, equipping CIOs with the insights needed to make informed decisions about resource allocation, identify alternative solutions, and optimize investments.
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