Knowmail, a company building a Personalized Artificial Intelligence platform to help employees communicate and collaborate better, announced it closed a new $3.5 million investment led by CE Ventures with managing partner Tayman Kan also joining the board. This round also includes existing shareholders AfterDox, Plus Ventures, 2B Angels, INE Ventures and notable private investors. The additional funding will be utilized to continue building out Knowmail's functionality and expand its customer base globally.
Founded in 2014, Knowmail is led by Haim Senior (CEO), previously executive at EMC, seasoned entrepreneur Oded Avital (COO) and previous Verint Systems ASG director Avi Mandelberg (CTO) in order to, in their own words, 'liberate corporate employees from slavery created by information overload'.
'We are thrilled to lead this latest round of funding for Knowmail and strongly believe in the team and vision.' says Tayman Kan, Managing Partner at CE Ventures 'In today's digital world, we are constantly bombarded with information from a variety of sources - and manually sifting through this information can be extremely laborious and unproductive. Knowmail's personalized artificial intelligence (PAI) solution takes away this burden from the end user and through its engine can personalize communications. It has already proven extremely effective in enterprise settings, leading to significant productivity gains through less time wasted on messages'
In its early days, Knowmail was one of 10 companies selected to participate in the Microsoft Accelerator Program and development of their Artificial Intelligence engine began to help corporate employees get more done, reduce stress and improve work life balance. Their solution securely and privately learns personal preferences, habits, time management and behaviors as to deliver a personalized experience in known messaging apps, focusing employees' efforts to maximize personal and business results more efficiently.
'Having the ability to delegate manual work to a personalized A.I. is huge¦I don't need to change the way I do things and can remain on top of my game.' Said Haim Senior, CEO & Co-Founder at Knowmail
Earlier this year, Knowmail further pushed the boundaries of A.I. implementation as they introduced their unique approach to analytics architecture. To responsibly handle private and sensitive information, they have developed a learning method based on anonymized and statistical data only, thereby ensuring user's privacy, trust and scale without any impact on device performance nor a need for infrastructure changes.
'Employees' privacy and trust are of the utmost importance for us and are etched within our DNA to make sure they're never compromised. While this makes development more intricate, it's a priority which proved to increase users' attachments and control growth moving forward'. Knowmail's CTO & Co-Founder Avi Mandelberg explained.
With significant business initiatives in the works, and the recent Microsoft announcement including Knowmail as a selected early developer partner for Cortana Skills for email on-the-go, Knowmail is planning to expand their solution to additional messaging apps and platforms.
'We've been fortunate to have such a talented team and great collaborative clients to work with' Says Oded Avital, COO & Co-Founder at Knowmail. 'With this recent funding we will be able to get to the next level in realizing our vision and ready for scale'.
Knowmail is due for a general availability release early next year, yet are currently accepting requests for selective invitations to try the solution.
About Knowmail
Knowmail is a secured and trustworthy artificial intelligence engine able to personalize messaging for its users, delivering information appropriately to maximize relevancy, timing, and state-of-mind.