Skan AI raises $63 million

Skan AI, a startup building the context engine for human and agentic execution, announced $63 million in funding co-led by Cathay Innovation and Dell Technologies Capital, with participation from Citi Ventures, Bloomberg Beta, State Farm Ventures, and Wipro Ventures.

Founded in 2018, Skan AI observes how work gets done across every role, system, and application – translating those observations into the execution logic AI needs to perform the work. The company now works with seven of the ten largest US banks.

“Everyone is obsessed with building a better car. We think the bigger opportunity is building a better navigation system.” Avinash Misra, Co-founder and CEO of Skan AI.

“Enterprise work context is becoming the foundational infrastructure layer for enterprise AI, the same way CRM became the system of record for customer relationships. Skan AI is the only company we have seen that builds that context from direct observation of work itself and carries it all the way through to agents running in production. With a fourth of the Fortune 50 already running on Skan AI, we believe this is one of the defining platform companies of the next decade.” – Simon Wu, Partner, Cathay Innovation.

“We invest in durable advantages, and SkanAI is building an important layer of enterprise business technology by helping organizations connect the information and context behind how work gets done. That foundation can help businesses improve collaboration, increase productivity and helps maximize the value of technologies used every day.” – Kate Strubhar, a State Farm Ventures executive.