Skan AI has raised $63 million in funding to expand its enterprise AI platform, which is designed to provide AI systems with context about how work is actually performed inside organizations. Cathay Innovation and Dell Technologies Capital co-led the funding, with participation from Citi Ventures, Bloomberg Beta, State Farm Ventures, and Wipro Ventures. The financing coincides with the launch of Skan AI’s broader enterprise AI platform and the general availability of Skan AI Blueprint and Skan AI Agents.
Skan AI positions its technology as a “context graph of work” that observes how employees and systems perform workflows and transforms those observations into context that AI agents can use. The company said its technology has generated more than $500 million in measured customer value.
The company’s three core products include Skan AI Blueprint, which identifies and prioritizes AI opportunities across enterprise systems; Skan AI Intelligence, which provides process benchmarking, workforce management, and automation insights; and Skan AI Agents, which executes workflows using context derived from observed cases with human oversight and auditability.
Skan AI said its business grew more than 300% year-over-year, with average net dollar retention of 150%. The platform has processed more than 25 billion work signals and is used by seven of the 10 largest U.S. banks and one-quarter of the Fortune 50.
At one major U.S. bank, Skan AI said its platform observed 11.2 million context switches across 1,500 finance professionals and identified $37 million in operational friction. The resulting AI deployment reduced cost per transaction by 32%, increased throughput by 41%, and generated $18 million in annualized savings.
Skan AI’s platform is powered by NVIDIA AI Enterprise and NVIDIA NIM microservices. The company has also partnered with the University of Missouri on research at the intersection of AI, enterprise systems, and human work.
KEY QUOTES:
“Everyone is obsessed with building a better car. We think the bigger opportunity is building a better navigation system.”
Avinash Misra, Co-Founder and CEO of Skan AI
“Enterprise work context is becoming the foundational infrastructure layer for enterprise AI, the same way CRM became the system of record for customer relationships. Skan AI is the only company we have seen that builds that context from direct observation of work itself and carries it all the way through to agents running in production. With a fourth of the Fortune 50 already running on Skan AI, we believe this is one of the defining platform companies of the next decade.”
Simon Wu, Partner at Cathay Innovation
“The mandate for enterprise leaders right now is to identify where AI can create measurable operational advantage. That question cannot be answered unless the organization has a clear understanding of how work really gets done. Skan AI has built the observation and context layer that provides that understanding, helping enterprises deploy AI more effectively and move from experimentation to measurable impact. We’re proud to support them as they continue to define this category.”
Raman Khanna, Managing Director at Dell Technologies Capital
