# TAO Automation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tao-automation

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.taoautomation.com
- Total disclosed funding: $0.7M
- Latest round: Seed (May 19, 2017)
- Investors on record: 1

## About

TAO Automation is a provider of comprehensive automation solutions, specializing in Robotic Process Automation (RPA) and Intelligent Automation to enhance business processes across various sectors.Founded in 2016 and headquartered in Bangalore, India, TAO Automation offers automation solutions designed to streamline business processes. The company has successfully completed three investment deals, with the most recent funding round occurring on January 17, 2019, when it raised INR 4.76 million from 3one4Capital Advisors and other investors. The founders, Hariharan Narayanaswamy and Praveen Pahwa, have played crucial roles in the development of the company and its offerings. The company currently has a valuation of INR 484.742 million.TAO Automation specializes in providing automation solutions that include Robotic Process Automation (RPA) and Intelligent Automation. Its key products are TAO pAIges™, an intelligent document processing platform, and TAPP 2.0, an integrated invoice processing solution aimed at enhancing accounts payable workflows. These products facilitate the automation of processes such as account reconciliations, order processing, contract management, and customer onboarding, benefiting clients across sectors including education and various enterprises in North America and India.In the most recent fiscal year 2023, TAO Automation generated revenue of INR 654,966.2. However, it reported an EBITDA of INR -311,546.9, indicating operational challenges despite its revenue generation efforts.TAO Automation intends to leverage its recent funding of INR 4.76 million from January 2019 to further develop and launch new products, enhancing its automation offerings. The company aims to expand its market presence in North America and India, targeting specific industries that can benefit from advanced automation solutions. These initiatives are expected to drive growth and bring innovative automation strategies to a wider audience.

## Funding rounds

- Seed, May 19, 2017, $0.7M — 3one4Capital Advisors

## Investors

- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Seed