St Louis based Capacity which recently received a Series B funding has now hit the market with a new AI-native knowledge-sharing platform. The cloud-based system is designed to capture, mine and connect organizational knowledge. The platform flaunts several cutting edge features to boost workspace productivity.
“We chose the name Capacity because we firmly believe that the more organizations share and leverage their knowledge, the greater capacity their teams will have to do outstanding work,” said David Karandish, CoFounder and CEO of Capacity. The company had officially rebranded from Jane.ai to Capacity.
As per the officials, despite investing billions of dollars into new applications, most systems these days aren’t built adequately for the modern-day teamwork. This is a challenge in providing the right kind of knowledge the teams need to work effectively. They also fail to plug time wastage in workplaces.
Mines data swiftly, even identifies experts
Capacity’s new platform seeks to solve the issues by assimilating tacit knowledge, mining documents and spreadsheets. It syncs with the organisations’ apps and provides all details in a simple chat platform. It adheres to industry-standard security and data compliance protocols, such as SOC 2 and GDPR. It can work in sync with well over 50 commonly used application.
Its AI-assisted conversational workflows make workspace smart. The sharing platform also has the ability to mine information from documents, spreadsheets and webpages using AI. Prominently, it can capture the hidden expertise and pinpoint the experts within the workplaces. It can create a well-made conversation workflow and provide answers which are normally hard to deliver. Another feature is a human-in-the-loop helpdesk interface that reinforces the platform’s machine learning.
“Consumer-grade tools like Netflix and Google have shown us that people prefer a personalized experience- but enterprise software hasn’t kept up,” said Karandish.
Raises funds worth $ 13.2 million
Capacity announced that it has also raised $13.2 million in Series B funding from a Midwest network of private and angel investors, including existing investors.
“We took a decidedly anti-Silicon Valley approach to our fundraising, prioritizing local and regional investors who share our vision and Midwestern pragmatism versus the most common names on the coasts,” said Karandish.
The growth engine of Capacity is being fuelled by a quickly expanding customer base across various verticals. Its customers include top players in financial services, HR, healthcare and education.