(Bloomberg) Nanonets, which uses artificial intelligence to help businesses square accounts and manage budgets, raised $29 million in an early round led by Accel India.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatTech CEOs Are Addicted to Taking Needless RisksChinese Stocks Gain 20% From Lows, Fueling Market Bottom CallsY Combinator, Elevation Capital and others took part in the Series B round, wh
The AI-based platform aims to use the funds for research and development to improve its algorithms, as well as for scaling its marketing and sales efforts. It offers automation solutions for businesses operating across various sectors.