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Asato is an enterprise software company based in San Jose, California, that provides an artificial intelligence-powered business observability platform for comprehensive IT asset management. The platform functions as a copilot for chief information officers, utilizing large language models and AI agents to discover, connect, and optimize software, hardware, and talent resources across complex corporate environments. Operating on a business-to-business software-as-a-service model, the system helps enterprise IT and financial operations teams identify operational waste, mitigate cybersecurity risks, and drive data-backed resource allocation decisions. The company emerged from stealth mode in early 2024 with $7.5 million in seed funding co-led by the venture capital firms Intel Capital and Vertex Ventures US, and it maintains a strategic channel partnership with CDW Corporation. Asato was founded in 2023 by the executive team of Manoj Narayanan, Sundar Raghavan, Anoop Balakrishnan, and Ambika Kapur.
Asato has raised $8.0M across 1 funding round.
Asato has raised $8.0M in total across 1 funding round.
Asato is a technology company that builds an AI-powered Business Observability platform designed specifically for Chief Information Officers (CIOs) and their teams. The platform integrates with existing enterprise IT stacks to discover, connect, and contextualize software, hardware, and talent assets, enabling CIOs to gain visibility and control over their distributed resources. By leveraging generative AI (GenAI) and large language model (LLM)-powered agents, Asato helps CIOs make informed decisions about resource allocation, investment optimization, risk management, and operational efficiency. The platform serves enterprises across sectors such as healthcare, financial services, and the public sector, addressing the complexity of managing IT assets at scale and driving meaningful business outcomes[1][2][3][4][5].
Founded in 2023 and based in Saratoga, California, Asato was co-founded by Sundari Mitra (CEO) and Anush Mohandass (CPO), supported by a leadership team with deep expertise in AI, data, and enterprise software engineering. The idea emerged from the need to help CIOs overcome the challenge of data complexity and fragmented IT asset management in fast-paced enterprise environments. Early traction came from partnerships and endorsements by industry veterans such as Kumar Sreekanti, CTO of Hewlett Packard Enterprise, who joined Asato’s board and praised its pioneering use of GenAI and LLM agents for CIO-focused business observability[1][3][4].
Asato rides the wave of AI-driven digital transformation in enterprise IT management, addressing the growing complexity and scale of distributed assets in modern organizations. The timing is critical as CIOs face increasing pressure to optimize IT spending, ensure security and compliance, and deliver operational excellence amid rapid technological change. Market forces such as the rise of cloud computing, hybrid IT environments, and the demand for real-time actionable insights favor Asato’s AI-powered observability approach. By focusing on CIOs as key decision-makers, Asato influences the broader ecosystem by enabling smarter, faster, and more strategic IT management that aligns technology investments with business outcomes[1][4].
Looking ahead, Asato is poised to expand its platform capabilities, deepen AI integration, and broaden its enterprise customer base across multiple industries. Trends such as increased adoption of generative AI, growing complexity of IT environments, and heightened regulatory demands will shape its journey. Asato’s influence is likely to grow as it establishes itself as the go-to mission control platform for CIOs, helping enterprises harness AI to transform IT asset management into a strategic business advantage. Continued partnerships and innovation will be key to maintaining its leadership in the emerging business observability market[1][3][4].
Asato has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in December 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2023 | $8M Seed | Intel Capital, David Johnson, LIP BU TAN | General Catalyst, LUX Capital, Nepenthe Capital, Salesforce Ventures, Susa Ventures, TechAviv Founder Partners, Torch Capital, Walden International, Zigg Capital, Abhinav Asthana, Chafic Kazoun, Jeff Hammerbacher, Scott Banister, Amarjit Gill, ASH Bhardwaj, Charles Giancarlo, Sanjay Mehrotra, Shah Capital Partners | Announced |
Asato has raised $8.0M in total across 1 funding round.
Asato's investors include Intel Capital, David Johnson, Lip-Bu Tan, General Catalyst, Lux Capital, Nepenthe Capital, Salesforce Ventures, Susa Ventures, TechAviv Founder Partners, Torch Capital, Walden International, Zigg Capital.
