# AntWorks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/antworks

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.ant.works
- Total disclosed funding: $46M
- Latest round: Series B (May 31, 2019)
- Investors on record: 8

## About

AntWorks is a company specializing in Intelligent Document Processing (IDP), offering advanced solutions that automate the extraction of structured and unstructured data from complex documents using AI technologies.Founded in 2015 and headquartered in Singapore, AntWorks provides Intelligent Document Processing (IDP) solutions through its flagship platform, CMR+. The company has raised USD 30.67 mn in its Series B round, with notable investors including DIP Corporation and SBI Ven Capital. Asheesh Mehra serves as the CEO, leading the firm through three funding rounds, with the most recent deal occurring on May 31, 2019.AntWorks is recognized as a global leader in Intelligent Document Processing (IDP), primarily through its flagship product, CMR+. This platform leverages advanced artificial intelligence technologies—including Natural Language Processing (NLP) and Machine Learning (ML)—to automate the extraction of both structured and unstructured data from complex documents. CMR+ offers seamless integration capabilities and is designed for low-code implementation, making it accessible for users without extensive technical expertise. The end use cases for AntWorks' solutions span various industries such as finance, insurance, healthcare, and manufacturing, among others. The company's clientele includes global enterprises seeking to enhance efficiency by automating labor-intensive document processing tasks. AntWorks markets its products across multiple regions, with a focus on North America, Europe, and Asia-Pacific, positioning its innovative solutions to address the growing demand for automation in these key markets.In 2021, AntWorks generated revenue of USD 1,095,854. The company reported an EBITDA of USD -23,221,816 for the same year, primarily through B2B subscription agreements for its CMR+ platform, which offers a tiered pricing structure based on document volume and customization.AntWorks aims to leverage its recent Series B funding of USD 30.67 mn to further develop its CMR+ platform and enhance its market presence. The company plans to introduce new features and integrations in the near future, with a focus on expanding its reach into untapped markets in Europe and Asia by the end of 2023. The funds will also support strategic marketing initiatives to aid in this geographical expansion.

## Funding rounds

- Series B, May 31, 2019, $31M — SBI Ven Capital, DIP Corporation, RPA Holdings, GA Technologies, TATERU, Inc., RS Asset Management Co., Ltd., SOLXYZ Co., Ltd.
- Series A, Jul 20, 2018, $15M — SBI Ven Capital, SBI Investment

## Investors

- SBI Ven Capital (https://capitalatlas.ai/funds/sbi-ven-capital) — Series A, Series B
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series A
- DIP Corporation — Series B
- RPA Holdings — Series B
- GA Technologies — Series B
- TATERU, Inc. — Series B
- RS Asset Management Co., Ltd. — Series B
- SOLXYZ Co., Ltd. — Series B