Asato Raises $7.5M In Seed Funding To Bring An Enterprise Cio Copilot To Market

Dec 05, 2023•about 2 years ago

Amount Raised

$7.5 Million

Round Type

seed

SaratogaInformation Technology

Investors

Sanjay Mehrotra, President And Ceo Of Micron Technologies, Inc.Charlie Giancarlo, Ceo And Chairman Of Pure StorageAsh Bhardwaj, Entrepreneur And InvestorNepenthe CapitalAmarjit GillShah Capital PartnersLip Bu TanIntel Capital

Description

Asato.ai, the AI-powered enterprise Copilot platform, is excited to announce 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, Inc. Backed by this investment, Asato is poised to bring to market the industry's first AI-powered enterprise CIO Copilot.

Company Information

Company

Asato

Location

Saratoga, California, United States

About

Asato is building an AI-powered enterprise copilot platform for the CIO. Our mission is to empower CIOs with unprecedented visibility and control through the power of AI, enabling them to optimize IT spend and drive decisive actions. Many enterprises struggle to achieve the desired return on investment in their top three-line items: headcount, software, and infrastructure. Asato's platform discovers, connects, and contextualizes IT and Talent assets, equipping CIOs with the insights needed to make informed decisions about resource allocation, identify alternative solutions, and optimize investments.

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Funding Insights

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