Bratislava-founded process mining startup Minit has raised a funding round of €3.3 million from Earlybird VC and OTB Ventures. The company plans to utilise the fresh funding to hire more people and expand internationally.
The startup solves the task of business process modelling by mining the data from logs created by enterprise software applications, including ERPs by SAP, Oracle, and Microsoft, CRM systems, customer service platforms, and so on. The data received from process mining can be used, among other things, for robotic process automation.
“This means that we can provide transparency into how a company really works while highlighting where and how it can be continuously improved,” said Rasto Hlavac, Minit CEO and founder.
Process mining is supposedly a much more efficient way of bringing transparency to the business processes of a company compared to the conventional way that includes interviewing dozens of stakeholders and employees.