Asato: AI-Powered Enterprise Copilot Platform Company Raises $7.5 MIllion

By Amit Chowdhry ● Dec 6, 2023

Asato.ai – an AI-powered enterprise Copilot platform – recently announced the closing of its oversubscribed $7.5 million seed financing round, co-led by Intel Capital and Lip-Bu Tan, with participation from Shah Capital Partners, and several prominent angel investors including Amarjit Gill, serial entrepreneur and investor at Nepenthe Capital, Ash Bhardwaj, entrepreneur and investor, Charlie Giancarlo, CEO and Chairman of Pure Storage, and Sanjay Mehrotra, President and CEO of Micron Technologies. With this investment, Asato is poised to bring the industry’s first AI-powered enterprise, CIO Copilot, to market.

As digital transformation accelerates, the demand for comprehensive solutions that offer real time visibility, control, and decision orchestration has never been higher. And Asato is addressing this issue by developing a cutting-edge enterprise Copilot platform that harnesses the power of AI and knowledge graph technologies.

Asato is headed by an accomplished team of seasoned entrepreneurs with a proven track record of leading successful ventures. Led by CEO and co-founder Sundari Mitra, a three-time CEO and technology executive, the founding team brings extensive leadership experience in delivering transformative technologies in small and large companies. At NetSpeed Systems, Sundari and Anush Mohandass (co-founder, COO) utilized knowledge graph technologies to develop virtual twins of Silicon chips, which forms the core of Asato’s enterprise Copilot platform.

KEY QUOTES:

“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. This seed funding not only validates our vision but also provides the resources needed to accelerate the development of our Copilot platform.”

— Sundari Mitra, CEO and co-founder of Asato

“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. 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.”

— Anthony Lin, Managing Partner and Head of Intel Capital

“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.”

— Lip-Bu Tan, Chairman of Walden International and Intel Board Member