Wipro Ventures also participated in Kognitos'
latest Series A Funding Round
SAN
JOSE, Calif. and BENGALURU, India, May 8, 2024
/PRNewswire/ -- Wipro (NYSE: WIT, BSE: 507685, NSE: WIPRO), a
leading technology services and consulting company and Kognitos
Inc., a leader in Generative Al Automation and a portfolio company
of Wipro Ventures, today announced a collaboration to deploy
enterprise ready GenAI-based Business Automation Solutions. In
addition to this, Wipro Ventures, Wipro's corporate investment arm,
invested in Kognitos as part of the firm's Series A funding
round.
Wipro's Digital Operations and Platforms business line will
leverage Kognitos' platform to drive productivity in large
transformation engagements. The platform will automate complex
business process workflows for Wipro's customers in use cases like
order management, contact center, and finance and accounting
services. The Financial Shared Services team at Wipro will also use
the platform to manage multiple processes like Collection
Accounting and complex reconciliations.
"Generative AI is already becoming a key pillar for business
process automation, and we are excited about this engagement." said
Jasjit Singh Kang, Senior Vice
President and Business Head, Digital Operations & Platforms,
Wipro Limited. "The Kognitos platform leverages
enterprise-ready, safe, AI and will enable us to help our customers
reimagine their business processes and achieve operational
efficiencies at scale."
Kognitos empowers end users to automate business processes using
plain human language, making English the new "code." Its Natural
Language Processing capabilities facilitate ease of deployment,
ability to handle a wider range of use cases, and moves exception
handling to the business user, reducing the burden on IT.
"It is becoming imperative for all large enterprises to not just
deploy AI, but to empower their employees to govern it well. Wipro
is leading the charge of delivering enterprise-grade safe AI for
mission-critical business automation by leveraging our auditable,
scalable and hallucination-free automation platform. This alliance
further advances our mission of bringing safe AI to the world."
said Binny Gill, Chief Executive Officer, Kognitos.
As part of this initiative, Wipro will also establish a Center
of Excellence and train its associates globally to deploy the
solution from Kognitos for enterprise customers.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE:
507685, NSE: WIPRO) is a leading technology services and consulting
company focused on building innovative solutions that address
clients' most complex digital transformation needs. Leveraging our
holistic portfolio of capabilities in consulting, design,
engineering, and operations, we help clients realize their boldest
ambitions and build future-ready, sustainable businesses. With
nearly 240,000 employees and business partners across 65 countries,
we deliver on the promise of helping our clients, colleagues, and
communities thrive in an ever-changing world. For additional
information, visit us at www.wipro.com
About Kognitos
Kognitos is the first company to enable
generative AI to automate end to end enterprise business processes.
Founded in 2020, the company set out to address one of the biggest
challenges for today's businesses, automating intricate processes
and workflows. Rather than forcing business managers to think like
developers, Kognitos uses natural language processing automation
(NLPA) and large language models (LLMs) such as ChatGPT to enable
business users to build automated workflows using everyday English.
Kognitos is bringing seamless automation to billions of business
users worldwide. For more information, visit
https://www.kognitos.com
Media Contact:
Wipro Limited
Media-relations@wipro.com
Kognitos
Kognitos@5wpr.com
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SOURCE Kognitos