Docsumo provides document AI and Intelligent OCR technology to extract, validate and analyze data from unstructured documents such as pay stubs, invoices, bank statements, tax returns and insurance policies. Its platform addresses use cases including customer onboarding, income verification, financial fraud detection, and data for underwriting. The company serves major enterprises across the US, EU and Asia, including Arbor Realty Trust, National Debt Relief, Hitachi and PayU. Over the past 12 months Docsumo reported a sixfold increase in revenue and has grown its team in Mumbai, India and Kathmandu, Nepal. Founded in January 2019, the startup was part of Techstars London in 2020 and previously raised a pre-seed from investors including Barclays and Sequoia. Docsumo plans to use new funding to expand its North American client base, grow the team, and extend its product to additional use cases.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2022