Capacity, which helps businesses make better use of their siloed information, has netted $13.2m in its Series B round.
Alongside the close of the round, the company has rebranded from Jane.ai to Capacity.
The company has helped businesses become more efficient by making information buried under FinServ compliance and HR documents accessible in seconds. Its technology captures tacit knowledge, mines documents and spreadsheets, and connects over 50 workplace applications and platforms.
Clients across the asset management, banking, credit unions, education, insurance and reinsurance, mortgage, and wealth management industries use Capacity. Banks use the service to deploy the necessary information to the right team members with a permissions structure to ensure only those with necessary credentials can view the information.
For compliance teams, the platform helps ensure businesses can check specific compliance information they need, ensuring an auditable secure platform which is available to anyone when needed.
In a blog post discussing the rebrand, the company said, “As we’ve grown, it became apparent that we needed a new identity, one that more closely aligned with our mission of helping teams do their best work. Jane was a virtual teammate, and the name highlighted who we were—the anti-Siri, the anti-Alexa, the anti-Cortana. “The Joy of Accessing Nearly Everything” perfectly articulated where our product was in that moment. However, Jane.ai didn’t capture the vision of where we are headed and what we ultimately want to achieve for our clients.
“We chose the name Capacity because we firmly believe that the more organizations share and leverage their knowledge, the greater capacity their teams will have to do outstanding work. In fact, before we officially settled on the name, a sales prospect even remarked to me, “So, you’re saying this could increase my team’s capacity?” I took that as a good sign that we were headed in the right direction.”
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