Captricity provides a SaaS platform that transforms handwritten paper forms into digital data using crowd-guided deep learning. Its technology extracts data from paper documents, scans, faxes, emails, call centers and web forms, and connects automatically to backend systems to enable advanced analytics. The company serves insurance, healthcare, government and non-profit customers and lists New York Life, AXA, the FDA, the FEC, inVentiv Health, Xerox Healthcare and Innovations in Poverty Action among its users. Founded by CEO Kuang Chen and based in Oakland, California, Captricity commercialized its solution in 2011. The company raised $35M in a Series C and has raised $49M to date; it will use the new funds to expand operations. As part of the financing, Teresa Chia of White Mountains will join Captricity’s board. Captricity provides a cloud SaaS platform that converts static documents and handwriting into 99% accurate, machine-readable data using a combination of machine learning and human intelligence. It ingests forms via faxes, email attachments, scans or mobile phone photos and offers same-day turnaround for any volume. The company has processed data for clients across regulated sectors including health, government and enterprise, with customers such as the FDA, Symantec and Humana. Captricity has announced partnerships to scale its enterprise use cases, including a deal with New York Life Direct to digitize more than 500,000 paper-based leads annually and work with the FDA to digitize MedWatch reports for openFDA. The team emphasizes expansion in paper-intensive, compliance-driven markets like government, healthcare and insurance. Financially, the company has completed a $10M Series B and has now raised $14M in total. Captricity is a Berkeley, CA–based developer of a web app that turns handwritten documents into digital ones. It offers a self-serve data-entry service for digitizing paper forms and extracts data into digital tables via captricity.com and via an API for developers. The company’s solution has been used by Catapult Health, a team of economists from New York University’s Center for Technology and Economic Development (CTED), Code for America (Captricity participated in their accelerator program), the Fair Political Practices Commission of California, PrepSmart, the University of California, and independent insurance broker David Luc. Captricity raised $4.5M in venture funding according to an SEC filing. The filing lists Chamath Palihapitiya as an investor among 22 other backers. The company is led by founder and CEO Kuang Chen and Brian Busch, Director of Business Development. Captricity is a Berkeley, CA-based cloud service that captures digital data from paper documents. Founded in 2011 by Kuang Chen and Jeff J. Lin, the company converts scanned or photographed paper records into structured digital data. The Knight Foundation said it will help build awareness of Captricity’s products and services among its network of communities, nonprofits and media organizations. Financially, Captricity has raised $1.6M to date. Investors include Menlo Ventures, Charles River Ventures, Attractor Ventures, Sky Dayton, Greylock Partners, Social + Capital Partnership, Kapor Capital, Atlas Ventures, and the Knight Foundation Enterprise Fund. The company was actively hiring at the time of the report.

Total raised

$50M

Funding rounds

4

Latest round

Series C

Latest activity

Jan 2016