Fisent Secures Funding for GenAI Process Automation Solution
Summary
TORONTO (August 6, 2024) Fisent Technologies, a pioneer in Applied GenAI Process Automation solutions, has secured funding from strategic investors including Pegasystems, Sand Dollar Capital, and prominent entrepreneurs, which will fuel the growth of its BizAI product as the market leader in Applied GenAI Process Automation.Fisents BizAI solution enables end-to-end automation of repetitive business tasks through the application of foundational GenAI models, dramatically increasing back-office efficiencies by reducing the cumbersome manual workload that comes with human interpretation of different types of data and content. BizAI is already driving revenue growth and cost savings to companies that range from small banks to Fortune 500 corporations. For example, if customers submit reimbursement receipts to an airline after a canceled flight, BizAI can intelligently interpret those receipts, categorize expenses, and discern which expenses are associated with the canceled flight, saving valuable hours of employees time and expediting resolution processes.It is a tremendous endorsement to have partners like Pega support the rapid adoption of our BizAI solution, said Adrian Murray, Founder and CEO of Fisent. Their investment further supports our technology and provides us with the resources to meet the enthusiastic market demand we are already experiencing across multiple industries and use cases.As a company deeply committed to innovation particularly in the generative AI space it was a natural fit for Pega to work with Fisent and support their intelligent solutions that increase back-office efficiencies and help organizations achieve business goals, said Jason Masciarelli, VP, Launchpad GTM & Ventures, Pega. By combining the power of new technologies and its industry expertise, Fisent creates solutions that are fast, efficient, and cost-effective for clients of all sizes, enabling them to achieve their desired business outcomes.