Zapty Workplace Inc., a US-headquartered project management platform, has raised $500,000 in seed funding from early-stage venture capital firm Ideaspring Capital, the company said in its statement.
The startup, which also has an office in Bangalore, was founded in February 2014 by serial entrepreneurs Arvind Agarwal and Sanjay Shah. The founders previously co-founded Skelta Software Pvt. Ltd, a business process management company, which was sold to engineering and IT multinational Invensys Ltd in 2010.
Manav Garg, co-founder and chief executive officer at Eka Software Solutions, a trade and risk management software services firm, is an early investor in Zapty.
Zapty's software-as-a-solution (SaaS) platform for cloud-based work management enables business users to discover, manage and automate processes using artificial intelligence.
Over the next one year, the team plans to enhance its product including integrating several popular SaaS products and opening its micro-workflow technology to create departmental and verticalised solutions. These are among the first of the firm’s solutions aimed at digital marketing teams and creative agencies, Agarwal, chief executive at Zapty said.
“Traditional workflow solutions make it increasingly difficult to adapt to ever-changing business needs. Ultimately, businesses end up adapting to the tool, rather than tool adapting to businesses,” Agarwal added.
Ideaspring Capital
The early-stage venture firm was launched in April 2016 by angel investors Naganand Doraswamy and Prashant Deshpande. They launched the fund along with the scions of Patni Computers, Arihant and Amit Patni, among others. The fund invests in tech startups focused on machine learning, computer vision and image processing, big data analytics, Internet of Things, virtual and augmented reality, internet security, health-tech and fin-tech, among others.
Besides Zapty, Ideaspring has invested between $500,000 and $600,000 in packaging artwork startup Karomi Technology, enterprise networking firm Lavelle Networks, and augmented reality platform Whodat.