AI integration platform Intento secured $3 Million

Intento, a California based AI integration platform, has now secured a $3 million seed funding round.

Intento is founded by the Konstantin Savenkov. It helps global companies to procure and utilize the best fit cognitive Artificial Intelligence services.

Konstantin Savenkov, Founder and CEO, Intento, said, "We are lucky to work with established global companies. In the face of the pandemic crisis, they have been looking to diversify both their vendor portfolios and business geography. We hit the spot with our current focus on multi-vendor Machine Translation solutions. We fulfilled our funding round during the period of the COVID-19 shut-down to quickly scale our operations to serve the increased demand, and to fully leverage this unique opportunity to help these large enterprises speed up their digital transformations."

Andrew Gershfield, Partner at Flint Capital and a new member of the Intento Board of Directors, said, "We are very excited to support Intento based on the team and the vision to productize AI integration into corporate business processes. The Intento platform is beating the competition with the ability to select and connect the best AI vendors for corporate needs. It is a very different process than traditional software selection and integration. Intento saves companies significant time and budget through its platform. We see a strong potential for Intento’s AI Platform as a Service to become a default choice to solve AI integration tasks for business clients."

This new funding round was backed by Flint Capital with participation from SmartHub and Berkeley SkyDeck along with some other angel investors.

Post funding, Andrew Gershfield, the Managing Partner at Flint Capital, will join the Intento Board of Directors team.

The company, as of now, has plans to use the new funds to build out its sales and marketing operations in the US and Europe, as well as to scale the customer success team.

PC: Pablo, Pixabay