Encootech Co,. Ltd.
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Encootech Co,. Ltd. - overview
Established
2017
Location
Shanghai, Shanghai, China
Primary Industry
Software
About
Based in Shanghai, China, Encootech Co,. Ltd. specializes in Robotic Process Automation (RPA) solutions that drive digital transformation for enterprises, enhancing productivity through intelligent automation. Founded in 2017, Encootech Co,.
Ltd. is focused on providing RPA solutions for businesses. The company has successfully completed 4 deals, with the most recent funding round being a Series B in March 2021, raising a total of USD 30. 00 mn led by Sequoia Capital.
The CEO of the company is Liu Chungang. Encootech offers a comprehensive RPA platform designed to facilitate intelligent automation for enterprises, thereby accelerating their digital transformation initiatives. The core offerings include a low-code development environment for efficient automation process creation, a scalable management system for intelligent productivity, and an AI application center for easy integration into business workflows. Additionally, the platform provides customizable intelligent document understanding capabilities and process discovery software, accessible for users across various technical expertise.
Target customers span industries such as manufacturing, finance, and logistics in regions including Southeast Asia and North America. Encootech's revenue model is primarily based on subscription services that clients utilize to access its suite of automation tools. Clients engage in annual contracts to access a range of offerings, including flagship products for process automation and AI integration, with various tiers based on specific needs, establishing a steady revenue stream through long-term partnerships. As of March 2021, Encootech Co,.
Ltd. plans to utilize its most recent Series B funding to enhance its product offerings and expand into new markets. The company is focusing on launching new RPA features tailored for sectors facing complex automation requirements. Additionally, they aim to penetrate additional markets in Asia and North America by 2023, leveraging the latest funding to support research and development initiatives.
Current Investors
GSR Ventures, Future Capital Discovery Advisory (Hong Kong) Limited, Sequoia
Primary Industry
Software
Sub Industries
Education & Training Website, Education & Training Services, Systems Management Software, Content Management Software, Application Integration Software
Website
www.encootech.com
Verticals
Artificial Intelligence, Robotics
Company Stage
Series B
Total Amount Raised
Subscriber access only
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