Reducto raised $8.4 million in seed funding led by First Round Capital to develop AI technology for reading complex documents.
Reducto raised $8.4 million in seed funding led by First Round Capital to develop AI technology for reading complex documents.
10/02/24, 8:38 PM
Location
san franciscoMoney raised
$8.4 million
Industry
software
machine learning
artificial intelligence
Round Type
seed
Investors
Tracy Young, Ralph Goottee, Richard Aberman, Jj Fliegelman, Kulveer Taggar, Andrew Ofstad, Arash Ferdowsi, Liquid2, Sv Angel, Box Group, First Round Capital
Reducto has secured $8.4 million in seed funding to enhance AI capabilities for parsing PDFs and spreadsheets. The round was led by First Round Capital, with participation from various notable investors including Y Combinator and angel investors.
Company Info
Location
san francisco, california, united states
Additional Info
Reducto is the most accurate solution for turning complex documents into AI-ready inputs. The team from MIT built state of the art vision models that read documents like humans do, solving a critical bottleneck for AI teams working with unstructured data. Reducto enables reliable AI processing of sensitive documents like medical records and financial statements with the accuracy and reliability necessary in production environments.