Skan, Inc.

Skan, Inc. specializes in Process Intelligence and Process Mining, providing enterprises with advanced AI solutions to enhance operational efficiency and optimize workflows across digital interfaces. Founded in 2018 in Menlo Park, US, Skan, Inc. focuses on delivering AI-driven process insights.

The company raised USD 40 mn in Series B funding on March 30, 2022, led by Dell Technologies Capital, with participation from several other investors. The firm was co-founded by Avinash Misra and Manish Garg, with Misra currently serving as CEO. Skan AI offers a comprehensive Process Intelligence and Process Mining platform designed to improve operational efficiency for enterprises. The platform enables business leaders to achieve a 360° view of their processes through advanced AI technologies, allowing real-time observation of workflows without integrations.

Their solutions are utilized primarily by large enterprises across sectors like financial services, healthcare, manufacturing, and logistics, operating in North America, Europe, and parts of Asia. Skan AI generates revenue through a subscription-based model, providing clients with access to its AI-powered Process Intelligence platform. This model typically involves annual or multi-year contracts based on usage needs. Their offerings include tools for process discovery, productivity optimization, and continuous controls monitoring, which cater to B2B transactions aimed at enhancing automation and efficiency.

Following the Series B funding of USD 40 mn raised on March 30, 2022, Skan, Inc. plans to expedite the adoption of its Process Intelligence solution, particularly as businesses adapt to remote and distributed work environments. The funding will support the development of new tools and enhancements to the existing platform aimed at addressing the complexities of modern operations.