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AI-powered Document Processing Platform Mindee Raises $14 Million

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Mindee, a San Francisco, California-based document processing automation startup, emerged from stealth with $14 million in series A funding led by GGV Capital, according to a post by Ben Murray updated October 07, 2021. Alven, Serena Capital and Bpifrance, through its Digital Venture fund, also participated. The company plans to use the funding to expand its presence in the U.S. and Europe and further develop its machine learning and platform technologies. The post says Mindee was founded in 2018 and, since January 2021, has doubled the number of employees, with a plan to end 2021 with 30 employees.

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“AI-powered Document Processing Platform Mindee Raises $14 Million.” Original at www.thesaasnews.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/ai-powered-document-processing-platform-mindee-lands-14-million-in-ser-029d735c9b/, SHA-256 4731c70622cf7b71fa6489774051399a51ec44b3537c0f28fbd20c8f1fd4315b.

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Series A

AI-powered Document Processing Platform Mindee Raises $14 Million

Mindee, a San Francisco, California-based Document processing automation startup, emerged from stealth with $14 million in series A funding led by GGV Capital.

by Ben Murray

Updated October 07, 2021

Mindee, a San Francisco, California-based Document processing automation startup, emerged from stealth with $14 million in series A funding led by GGV Capital.

With participation from Alven, Serena Capital, and Bpifrance through its Digital Venture fund.

The company plans to use the funding to expand its presence in the U.S. and Europe and further develop its machine learning and platform technologies.

Company: Mindee SAS

Raised: $14.0M

Round: Series A

Funding Month: October 2021

Lead Investors: GGV Capital

Additional Investors: Alven, Serena Capital, and Bpifrance

Company Website: https://mindee.com/

Software Category: AI-powered document processing platform

About the Company: San Francisco, California-based Mindee, which was founded in 2018, leverages AI and APIs to capture data from scans of expense management, accounting, insurance, employee onboarding, loan applications, and underwriting documents. Mindee imports the data into first- and third-party systems with algorithms trained on a library of use cases and workflows. Mindee’s AI algorithms first analyze the document image from a visual perspective to locate where pertinent data might be hidden and then read-only that subpart of the image. Since January 2021, Mindee has doubled the number of employees, with a plan to end 2021 with 30 employees. Employees are now located in France, Canada, and the U.S. In 2022.

Source: https://venturebeat.com/2021/10/06/ai-powered-document-processing-platform-mindee-lands-14m/

by Ben Murray

Updated October 07, 2021

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