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- skan.ai
skan.ai Funding, Investors & Competitors
skan.ai has raised $117M across 4 funding rounds, most recently a $63M Series C in August 2026.
Last skan.ai funding round
$63M
Series C · Aug 2026
Cumulative funding skan.ai raised
$117M
across 4 funding rounds
Key investors in skan.ai
Citi Ventures
Cathay Innovation
Bloomberg Beta
Dell Technologies Capital
Zetta Venture Partners
Firebolt Ventures
Plug and Play
GSR Ventures
About skan.ai
Skan.ai is a Zurich-headquartered provider of process mining software that builds digital twins from user interactions across 100,000 endpoints. The platform maps end-to-end processes in enterprises like Deutsche Telekom and Zurich Insurance by observing human-digital activities without surveys. Covering finance, HR, and procurement, it identifies 30 percent efficiency gains through AI-driven insights. Launched in 2020, Skan.ai supports compliance audits and automation roadmaps in Europe and North America.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
skan.ai Funding History
skan.ai has raised a total of $117M across 4 funding rounds.
skan.ai's first fundraising round was a $14M Series A in October 2020. The most recent completed round was a $63M Series C in August 2026.
skan.ai funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2026 | Series C | Cathay Innovation (lead); Dell Technologies Capital (lead); Bloomberg Beta; State Farm Ventures; Citi Ventures; Wipro Ventures | $63M | Skan AI raised USD 63M in a Series C round co-led by Cathay Innovation and Dell Technologies Capital, with participation from Bloomberg Beta, Citi Ventures, State Farm Ventures, and Wipro Ventures. The financing was announced in August 2026 and brought total funding to roughly USD 120M. The round accompanied the general availability of Skan AI Blueprint and Skan AI Agents, which the company says complete its three-part enterprise AI platform built on a “context graph of work. The strategic rationale for the raise is to extend Skan AI’s enterprise AI offering with operational context, using software that observes how employees actually move work through enterprise applications. The company positions this context layer as necessary for enterprise AI agents to reliably assist or replace work. The Series C also reflects continued support from existing backers, with Citi Ventures participating again alongside repeat participation from prior lead investors. Skan AI is a Menlo Park-based company founded in 2018 that describes itself as an enterprise AI company focused on process discovery and operational intelligence. Its software is used to map how work is performed across enterprise systems, and the company said the new funding comes alongside the launch of its enterprise AI platform. The company’s total capital raised was described as approximately USD 120M after this round. |
| May 2025 | Undisclosed stage | FoW Partners | - | Skan is an AI-powered process intelligence platform that observes how work is actually performed across enterprise teams to help organizations understand, optimize and automate complex workflows. In May 2025, FoW Partners invested in the company as part of its future-of-work technology strategy. Terms of the investment were not announced. |
| Mar 2022 | Series B | Dell Technologies Capital (lead); Zetta Venture Partners; Firebolt Ventures; GSR Ventures; Liberty Global Ventures; Citi Ventures; Cathay Innovation | $40M | Skan.ai raised $40M in a Series B funding round in March 2022, led by Dell Technologies Capital, with participation from new investors GSR Ventures and Liberty Global Ventures, and existing investors Cathay Innovation, Citi Ventures, Firebolt Ventures, and Zetta Venture Partners. The company provides computer vision and AI technology for real-time, actionable insights into business processes, serving over 20 top financial services, healthcare, and insurance companies. Skan disrupts the $100B process observation industry by replacing manual methods with AI-driven analysis, offering a modern alternative to traditional human interviews and legacy process mining. Founded by serial entrepreneurs Avinash Misra and Manish Garg, who previously co-founded Endeavor Software acquired by Genpact in 2015, Skan.ai stems from 20 years of experience in large enterprise transformation projects. The platform captures complete enterprise work context to enable AI agents and autonomous digital operations, positioning it as foundational for self-aware enterprises in the AI era. Investors highlighted Skan's novel solution for gathering real-time process metrics and end-to-end views of business processes, especially amid distributed remote work and complex operations. |
| Oct 2020 | Series A | Cathay Innovation (lead); Zetta Venture Partners; Firebolt Ventures; Plug and Play; Bloomberg Beta; Citi Ventures | $14M | Skan.ai is an AI-enabled process discovery and operational intelligence company that uses computer vision to provide a holistic view of enterprise work processes, enabling digital transformation, process optimization, and monitoring. The platform maps human digital interactions, generates analytics for data-driven decisions, and serves as a foundational solution for assessing, prioritizing, and monitoring business processes, particularly in financial services. Skan.ai closed a $14 million Series A funding round on approximately October 27, 2020, led by Cathay Innovation, with participation from Citi Ventures and existing investors Zetta Venture Partners, Bloomberg Beta, Firebolt Ventures, and Plug and Play Ventures. Simon Wu from Cathay Innovation joined the board. The funds support commercial expansion, product platform strengthening, sales and customer success team growth, and advancement of AI capabilities in process science. Since launching in 2018, Skan.ai has gained traction with global firms embarking on digitalization initiatives, accelerated by 2020's pandemic-driven focus on productivity and remote work. The investment positions Skan.ai to evolve into a comprehensive 'Fitbit for enterprise operations,' covering process discovery, optimization, and conformance. |
Who has invested in skan.ai?
12 investors have backed skan.ai across its funding rounds, including Citi Ventures, Cathay Innovation, Bloomberg Beta, Dell Technologies Capital, Zetta Venture Partners and Firebolt Ventures.
Lead investors include Cathay Innovation and Dell Technologies Capital.
skan.ai Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Oct 2020 | ||
| 3 | Lead | Oct 2020 | ||
| 2 | Participant | Oct 2020 | ||
| 2 | Participant | Oct 2020 | ||
| 2 | Participant | Oct 2020 | ||
| 2 | Lead | Mar 2022 | ||
| 1 | Participant | May 2025 | ||
| 1 | Participant | Oct 2020 | ||
| 1 | Participant | Aug 2026 | ||
| 1 | Participant | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 12 skan.ai investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by skan.ai
skan.ai has acquired 1 company to date.
Last acquisition by skan.ai was on October 20th 2025. skan.ai acquired Metaculars for undisclosed valuation.
Latest Acquisitions by skan.ai
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 20 Oct 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all skan.ai acquisitions and their M&A valuation multiples. Start Free Trial | |
skan.ai Competitors
skan.ai competitors include listed companies like SAP, Snowflake and Nebius Group, and private ones like Anthropic, OpenAI and Databricks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $42B | $13B | $248B | 5.4x | ||
| Private | $7B | - | $190B | 27.1x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Publicly listed | $530M | $512M | $59B | 24.2x |
skan.ai Public Comps
skan.ai is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Accenture, Adobe, Datadog, Moody's and Nebius Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $70B | $12B | 1.7x | 1.6x | 10.1x | 8.4x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
This data is available for Pro users. Sign up to see all skan.ai competitors and their valuation data. Start Free Trial | ||||||||
Common questions about skan.ai
| When was skan.ai founded? | skan.ai was founded in 2018. |
| Where is skan.ai headquartered? | skan.ai is headquartered in San Jose, CA, United States. |
| Is skan.ai publicly listed? | No, skan.ai is a private, VC-backed company. |
| How much funding has skan.ai raised? | skan.ai has raised $117M across 4 funding rounds. |
| What was skan.ai's last funding round? | skan.ai's last funding round was a $63M Series C in August 2026, led by Cathay Innovation and Dell Technologies Capital. |
| Who are skan.ai's investors? | skan.ai's investors include Citi Ventures, Cathay Innovation, Zetta Venture Partners, Firebolt Ventures, Bloomberg Beta, Dell Technologies Capital, FoW Partners, Plug and Play, State Farm Ventures, GSR Ventures and 2 others. |
| Which companies are comparable to skan.ai? | Companies comparable to skan.ai include Anthropic, OpenAI, SAP, Databricks, Snowflake and Nebius Group. |
| How many companies has skan.ai acquired? | skan.ai has acquired 1 company, including Metaculars. |
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