Participated · Series B · May 2020

DataGrand is a Shanghai-based AI and RPA vendor whose platform combines Robotic Process Automation (RPA) with Intelligent Document Processing (IDP) to enable smart office automation. Its system supports scenarios such as contract review, data search and recommendation, automatic reporting and text analysis. Core technologies and solutions include natural language processing (NLP), optical character recognition (OCR), knowledge graphs, intelligent recommendations and hyperautomation. Founded in 2015, the company has deployed its offerings for many Fortune 500 companies’ smart office use cases. DataGrand completed a $90M Series C financing to bolster its market position. It intends to use the proceeds to strengthen its lead in Intelligent RPA and accelerate technical innovation and industrial application of its core products and solutions. DataGrand is a Chinese AI company founded in 2015 and led by CEO Dr. Chen Yunwen. It develops and applies natural language processing (NLP), optical character recognition (OCR), knowledge-graph and RPA technologies to deliver text automation solutions such as documentation review, intelligent recommendation, intelligent search and knowledge mapping. The company notes its solution does not use Microsoft’s underlying development frameworks and is deployed across dozens of vertical industries and by more than 100 enterprises. DataGrand has established strategic partnerships with Microsoft, Sogou and China Ping An Group. Customers include China UnionPay, Shenzhen Stock Exchange, HSBC, Deloitte, China Mobile, Huawei, Haier and Decathlon. It closed a CNY 270m (USD 38m) B+ funding round and intends to use the proceeds to scale up its business.