The Swiss AI company will use the new funds to further expand its position in the pharma and health sector through its no-code Intelligent Document Processing platform, which unlocks unstructured data from documents.
Acodis, an Intelligent Document Processing (IDP) provider, announced January 23 that it has raised CHF 6 million in a Series A funding round. The funding round was led by Swiss venture capital firm VI Partners and European B2B venture capital fund Hi Inov.
Martin Keller, CEO and Co-Founder of Acodis, commented: “The financing is a clear sign of Acodis’ market relevance and the value we provide to our customers. We note an accelerating demand from enterprises to unlock unstructured data from documents for business process automation and for enabling data analytics initiatives.”
Olivier Laplace, Managing Partner at VI Partners, said: “As part of their digital transformation efforts, corporate players need to streamline their document-intensive processes and unlock valuable information trapped inside documents. The market is gigantic. We have been excited by Acodis’ user-centric approach to building a platform for data extraction that enables companies to process complex and non-standard documents at speed and at scale. We strongly believe that Acodis will become the Pharma and Health industry leader.”
Wolfgang Krause, Managing Partner at Hi Inov further commented: “Intelligent processing of complex documents is a fast-growing market. We are pleased to have found with Acodis a cutting-edge technology and an outstanding team with the potential to emerge as the leader in this space.”
Winterthur, Switzerland-based Acodis offers an Intelligent Document Processing (IDP) solution that helps businesses make better use of unstructured data from documents. Its no-code platform allows business users to set up and customize AI models for any document type and in any language.
The full press release can be found here.
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