AntWorks

AntWorks Pte. Ltd.

Type| Private company
Industry| Artificial Intelligence and Intelligent Automation
Founded| 2015
Founder| Asheesh Mehra (Co-founder), Govind Sandhu (Co-founder)
Headquarters| Singapore,

Singapore, SG

Number of locations

| 6

Area served

| Worldwide

Key people

| Mike Hobday (Interim CEO and CRO)
Products|

* CMR Plus
* ANTstein Square
* Process Discovery
* Image Enhancer
* Auto Indexer
* QueenBot
* Email Agent
* Accounts Payable as a Service
* Optimiser

Number of employees

| 200+
Subsidiaries| AntWorks Pte Ltd, Singapore

AntWorks Solutions India Pvt. Ltd, India
AntWorks Solutions Limited, UK
AntWorks Inc., USA

AntWorks Inc., Philippines

Website| ant.works

AntWorks is an artificial intelligence (AI) and intelligent automation company based in Singapore.

## Contents

* 1 History
* 2 Products
* 3 See also
* 4 References

## History

The company was co-founded by Asheesh Mehra and Govind Sandhu[1] in 2015. Mehra was formerly the Head of information of Infosys Technologies’ BPO operations in the Asia Pacific, Japan and Middle East regions.[2][3] Mehra had been involved with Infosys for seven years.[1] They founded the new company to cater to the financial services and healthcare industries.[1] It was initially headquartered in Singapore, with three delivery centers in India [1] including an office in Mumbai .[4] It initially had seed capital of $8 million.[1]

In June 2015, it was announced that the company was planning on acquiring two American firms.[5] In October 2015, the company purchased Benchmark Systems, a company based in the United States .[6][7] At the time, AntWorks primary delivery system was in Pune, India.[7] Its first year, the company had $11 million in revenue.[6] In March 2016, the company hired Greg Hackney to lead healthcare.[8] In June 2016, the company announced it had upped its three-year revenue goal to $50 million and was scouting for acquisitions.[6] The CEO attributed the increased goal as a result of the company's "transparent" pricing system.[6]

The 2018 research paper "Banking Automation & Roboadvisors: Cost Analyses, Impacts & Opportunities 2018 -2022" by Juniper Research identified Antworks as one of 5 robotic process automation vendors that were market leaders in delivering advanced cognitive, or intelligent RPA solutions.[9][10]

In July 2018, Japanese financial services firm SBI Holdings invested US$15 million (approx. INR 103 crore) in AntWorks. The investment in AntWorks was made through SBI Investment Co, a subsidiary of SBI Holdings.[11] In August 2018, HFS Research placed AntWorks' platform ANTstein in the Top Ten RPA Product 2018.[12]

## Products

AntWorks’ primary product is ANTstein, an AI-based RPA software product designed to understand structured as well as semi-unstructured data types such as handwriting and forms, as well as broader cognitive capabilities that include pattern recognition, photos and images. It consists of Integrated technical and operational capabilities in a BOT which can be configured and trained. ANTstein integrates cognitive Machine Learning and autonomous automation into a single technology stack.[13] ANTstein has been categorized by Informationweek.com as a tool that's being adopted to tackle cognitive heavy processes, such as those that require Unstructured Data Processing.[14]

AntWorks has two business models - Business Process as a Service (BPAAS) and Technology as a Service (TAAS).[4] Its products cater to medium and small financial institutions, hospital chains, clinics, and insurance providers.[1] Concerning health care, predictive analytics are used to deal with billing, patient management, and disease management.[1] It provides healthcare services in the United States , Singapore, India, Qatar, the United Kingdom , and the Philippines . One of its products is the AntWorks Solutions Suite for healthcare.[15]

## See also

* Blue Prism
* NICE
* Automation Anywhere
* UiPath

## References

1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Gooptu, Biswarup, "Former Infosys' BPO honcho Asheesh Mehra resigns from company to start own venture Antworks", Economic Times, https://economictimes.indiatimes.com/tech/ites/former-infosys-bpo-honcho-asheesh-mehra-resigns-from-company-to-start-own-venture-antworks/articleshow/47622328.cms
2. ↑ Gooptu, Biswarup (11 June 2015). "The Economic Times: Former Infosys' BPO honcho Asheesh Mehra resigns from company to start own venture Antworks". https://economictimes.indiatimes.com/tech/ites/former-infosys-bpo-honcho-asheesh-mehra-resigns-from-company-to-start-own-venture-antworks/articleshow/47622328.cms.
3. ↑ Amit Gera, Komal (15 June 2015). "Business Standard News: Asheesh Mehra exits Infosys, starts Antworks". http://www.business-standard.com/article/companies/asheesh-mehra-exits-infosys-starts-antworks-115061500702_1.html.
4. ↑ 4.0 4.1 "Former Infosys BPO head Asheesh Mehra sets up Antworks", The Economic Times, June 15, 2015, https://economictimes.indiatimes.com/tech/ites/former-infosys-bpo-head-asheesh-mehra-sets-up-antworks/articleshow/47679128.cms
5. ↑ "Former Infosys' Asheesh Mehra's startup BPO Antworks to acquire 2 firms in US", The Economic Times, June 30, 2015, https://economictimes.indiatimes.com/small-biz/startups/former-infosys-asheesh-mehras-startup-bpo-antworks-to-acquire-2-firms-in-us/articleshow/47878139.cms
6. ↑ 6.0 6.1 6.2 6.3 Mendonca, Jochelle (June 13, 2016), "Antworks raises 3-year revenue goal to $50 million", The Economic Times, https://economictimes.indiatimes.com/small-biz/money/antworks-raises-3-year-revenue-goal-to-50-million/articleshow/52723799.cms
7. ↑ 7.0 7.1 Gooptu, Biswarup (October 6, 2015), "AntWorks acquires US firm Benchmark in Rs 33 crore all-cash deal", The Economic Times, https://economictimes.indiatimes.com/small-biz/startups/antworks-acquires-us-firm-benchmark-in-rs-33-crore-all-cash-deal/articleshow/49235374.cms
8. ↑ Mendonca, Jochelle (March 16, 2016), "Antworks hires Greg Hackney as head of global healthcare services to drive growth", The Economic Times, https://economictimes.indiatimes.com/tech/ites/antworks-hires-greg-hackney-as-head-of-global-healthcare-services-to-drive-growth/articleshow/51426312.cms
9. ↑ "Banking Automation & Roboadvisors > Banking Automation & Roboadvisors: Cost Analyses, Impacts & Opportunities 2018-2022". https://www.juniperresearch.com/researchstore/fintech-payments/banking-automation-roboadvisors/roboadvisors-cost-analyses.
10. ↑ "Robotic Process Automation In Banking To Generate $900 Mn Revenue By 2022". 7 February 2018. https://www.m2mcafe.com/news/robotic-process-automation-in-banking-to-generate-900-mn-revenue-by-2022-3815.
11. ↑ Guptu, Biswarup (31 July 2018). "SBI Holdings subsidiary invests $15 million in AntWorks". Economic Times. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/sbi-holdings-subsidiary-invests-15-million-in-antworks/articleshow/65200402.cms.
12. ↑ Fersht, Phil; Gupta, Saurabh (20 August 2018). ﻿HFS TOP 10 RPA PRODUCTS 2018﻿ (Report). www.hfsresearch.com. p. 9. https://www.hfsresearch.com/top-10-reports/hfs-top-10-rpa-products-2018.
13. ↑ "AntWorks: Enabling Intelligent, Integrated, end-to-end Automation". January 2018. https://technology-partners.cioreviewindia.com/vendor/2017/antworks.
14. ↑ (source: https://www.informationweek.com/software/productivity-collaboration-apps/critical-advice-for-starting-an-rpa-program/a/d-id/1330247)
15. ↑ Healthcare Services, AntWorks, 2018, https://healthcare.ant.works/industries/healthcare-services/, retrieved 2018-05-30

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