Startup Dost, founded in Bcombinator, was selected by Microsoft for their acceleration program
Dost, one of the technology startups participating in Bcombinator's incubation program, today announced its induction into Microsoft for Startups, a global program dedicated to accelerating the trajectory of high-potential startups to enable growth at scale. As a program member, Dost will have exclusive access to Microsoft technology, mentorship and business support.
Dost is now helping Chief Financial Officers (CFO) and Finance managers of mid-size and large companies with high volume of incoming invoices to automate that process end-to-end and reduce human errors, time waste and delays, inefficiencies and money loss by leveraging Intelligent process automation, artificial intelligence and machine learning.
Dost's vision is to create a Dost Digital Brain (DDB) that will have the capability to read, think, intuit and act like a human. We are creating Digital Co-workers which are powered by Dost Digital Brain and will enable the workforce to become more strategic and effective while fully automating operational, financial, and related processes.
Dost wants to democratize AI and automation and make digital co-workers accessible across organizations.
Dost will use Microsoft Azure’s stack and in particular Azure Cognitive and analytics services to reach a wide-scale audience in a short time, with built in redundancy and security.
“We’re honored to be among such a select group of companies from around the world chosen to join the Microsoft for Startups program, and we plan to leverage this amazing opportunity to its fullest,” said Adam Barbera, Founder & CEO of Dost "Our participation in the program comes at a critical time for our company as we launch our Intelligent Process Automation-as-a-service solution to help CFO’s and Finance Managers to reduce human errors, the time processing incoming invoices and the inefficiencies in the process. Leveraging Microsoft’s innovative products and services on the Dost Digital Brain will elevate the value we deliver to our clients. Collaborating with Microsoft will support our growth into new markets and verticals worldwide”
On the other hand, the CEO of Bcombinator, Sergi Vila affirms that "Dost has demonstrated a very good execution capacity. They entered with an idea in our startup creation and growth program in April of this year, and in less than 6 months they already have a product with traction that has caught the attention of a giant like Microsoft. The vision is, without a doubt, the future of work; an office with physical employees in charge of creative (or value-added) tasks, and a virtual one where algorithms powered by IPA and AI/ML execute those more repetitive tasks. We are convinced that the future is heading towards this vision, and that Adam, Fernando and Naqqash are the ideal team to execute it".
Dost is an Intelligent Process Automation-as-a-service company leveraging artificial intelligence, machine learning and automation technologies to deliver Digital Co-workers powered by Dost Digital Brain as a service to its customers.
Bcombinator is a coworking space that helps entrepreneurs and professionals to incubate, accelerate and consolidate their business. It offers personalized services led by a network of prestigious mentors who offer their experience from the idea's phase to internalization, applying Lean Startup techniques.
In addition, it has an investment fund, Bcapital I, endowed with 1,000,000 euros to invest bills of up to 50,000 euros in pre-seed rounds. The goal of this VC is to invest in the best startups at the end of the Bcombinator Incubation Program at Demo Day.
It also organizes events where networking, innovation and collaboration are encouraged.
For more information www.bcombinator.com