SaaS company Knowmail has raised $1.2 million in seed funding led by early stage venture capital firms Plus Ventures, 2B Angels, AfterDox and INE Ventures. The company acts as a personal assistant to help employees communicate and collaborate more effectively.
One of the biggest challenges companies face today, is managing and prioritizing communication. Professionals today are bombarded with an enormous amount of emails that consume a large portion of their time at work. Knowmail’s technology was developed to understand each professional and their goals so that they can rely on Knowmail’s “intelligence” to help manage time and be more productive on the job.
Knowmail plans to use all the new funding to accelerate its growth by developing and scaling its sales and development team. The funding will also enable the company to add more partnerships and enhance the product’s scope of capabilities.
Knowmail CEO Haim Senior said, “We are proud to introduce Knowmail to the public, so that it can help eliminate information overload and boost overall communication and productivity. We are confident that Knowmail’s powerful deep-learning algorithms and personalized guidance will facilitate improved corporate communication and collaboration on all levels.”
Plus Ventures partner Roy Oron said, “We recognize the importance of this market - with professionals struggling with time management, email overload, prioritization, and work/life balance - we believe Knowmail is a solution that can enhance every working professional’s life. The personalization of technology is where the industry is headed and what consumers expect, a solution that can understand each professionals work habits and priorities is an invaluable asset to any person or company.”
Published by Globes [online], Israel business news - www.globes-online.com - on February 24, 2015
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