AI platform E42 gets $5.4 million from Pavestone Ventures, others

New Delhi: Light Information Systems, a platform-as-a-service startup, has raised $5.4 million in a Series A funding round led by Pavestone Ventures to enhance its no-code AI platform E42.

The funding comes amid ever-increasing demand for automation across industries. It will be used by the Pune-based firm to build its partner ecosystem and engage businesses globally.

Founded in 2012 by Animesh Samuel and Sanjeev Menon, Light Information Systems’ E42 is a natural language processing-based AI platform. The platform can be used to create ‘AI Coworkers’ that automate complex people- and process-centric functions towards time, energy, resource, and cost optimisation.