Encoo is a Shanghai-based RPA solution provider founded in 2017 that develops AI-based automation technology to streamline traditional enterprise operations and cut costs. Its products have been applied to hundreds of companies across finance, energy, telecommunications, manufacturing, logistics, and retail. The company completed a $30 million Series B and will use the proceeds for market expansion and product research and development. Existing backers and a new investor participated in the round, bringing its total capital raised to over $45 million. No revenue or user metrics were disclosed in the article.

Total raised

$30M

Funding rounds

1

Latest round

Series B

Latest activity

Mar 2020