IDP vendor Staple raises $4M in pre-Series A funding round

According to the Intelligent Document Processing (IDP) vendor, it will use the funding to further refine its proprietary AI capabilities, expedite its global expansion and extend its suite of document processing and data automation solutions.

Staple, an Intelligent Document Processing (IDP) vendor, announced April 15 that it has secured $4 million in its pre-Series A funding round led by venture capital firm Wavemaker Partners. This pre-series A funding round underscores Staple’s commitment to transforming the landscape of document processing through advanced AI.

Ben Stein, CEO and Co-founder of Staple, commented: “This funding is not just a financial boost but a vote of confidence in our vision to revolutionise document processing across the globe. Our aim is to not only expand our market presence but also to continue innovating, making our solutions even more accessible and efficient for businesses worldwide. We are focused on breaking down language barriers and simplifying complex document processing tasks. With this funding, we’re setting our sights on broadening our impact, particularly in regions rich in linguistic diversity and complexity such as Southeast Asia.”

Headquartered in Singapore, Staple offers a transformative document processing solution that uses advanced AI to bridge the gap between physical documents and digital workflows. Staple’s Intelligent Document Processing (IDP) solution excels at processing any document type, including structured, semi-structured and unstructured formats, and manages data in over 200 languages.

You can find the full press release here.

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