2025 is drawing to a close. That means that instead of our usual IDP News Weekly Recap, we’re taking one final look back at the past twelve months in the Intelligent Document Processing space to wrap up the year.
Let’s jump right in:
The new year kicked off with funding rounds, research breakthroughs, mergers, acquisitions, a number of partnerships, and new AI infrastructure:
In late December 2024, HuLoop Automation closed a Series A funding round led by Mighty Capital to accelerate AI-powered intelligent automation innovation and market expansion. Early January 2025, IDP vendor Konfuzio announced a strategic partnership with Lobster DATA to bring together AI-powered document analysis from Konfuzio IDP and the no-code integration platform Lobster. Meanwhile, Infrrd’s research team presented three papers on document analysis advances at IEEE CCWC 2025 in Las Vegas, winning the Best Presenter Award for breakthroughs in scale extraction from engineering drawings, multi-stage document classification, and RAG-calibrated LLMs for extraction. Ripcord merged with VASTEC end of January, combining robotic AI with secure document conversion for enterprise and government digitization.
In February, CSS Group acquired a majority stake in Blumatix, integrating IDP into its portfolio to offer more comprehensive AI capabilities. DOConvert joined the Oracle ISV partnership for bi-directional integration in procurement/compliance. Meanwhile, Cogniquest secured $1.2M seed funding led by Cedar-IBSi Capital to scale context-aware document intelligence globally, and Rossum launched specialist AI agents for invoices/POs with reasoning and operational insights. Deep Analysis published its ‘IDP Market Analysis 2025-2028’ report highlighting disruption risks – but with the key takeaway being nonetheless: “The market is expanding and will see double-digit growth through 2028.”
In March, ABBYY opened new AI Labs in the US, India, and Hungary for developer-friendly process automation. Hypatos and xSuite partnered for SAP-integrated invoice AI workflows. The first quarter of 2025 ended with a bang: IDP vendor Klippa was acquired by SER Group, adding advanced Intelligent Document Processing to SER’s Doxis.
Spring brought platform enhancements, leadership hires, certifications, awards, and agentic AI launches:
At the beginning of the second quarter of 2025, Parashift launched Automation Agents for customizable document workflow efficiency. Hyland expanded its Content Innovation Cloud with AI upgrades for content insights and automation. Elsewhere, Indico Data appointed Phil Edmundson to its board, strengthening its insurance focus. Planet AI released IDA 5.3 with IDA Understanding for LLM-driven insights from unstructured docs. AntWorks integrated its IDP solution CMR+ with Pega for airline claims automation. AIDA joined PwC’s Scale programme for go-to-market support. ABBYY introduced Document AI API for developer OCR/data extraction. Cambrion emerged as a 4th Wave IDP player (coined by Deep Analysis) with multi-modal LLM context-aware automation. Square 9 Softworks and Konica Minolta formed an exclusive partnership, and TCG Process launched its standalone no-code process automation platform, OCTO.
Box unveiled AI Agents for enhanced data extraction via OCR and NLP. Hyland appointed Michael Campbell as CPO, John Newton as CIS, and Tim McIntire as CTO. Planet AI, together with ALTOW Digital Innovation and the University of Rostock, secured €11M for SPOC-AI document hub project.
In June, Adlib appointed Chris Huff (ex-Base64 CEO) as new CEO to expand its capabilities to deliver more flexible, AI-driven solutions to enterprise customers. Meanwhile, Parashift received C5:2020 certification, which makes it possible for regulated German clients such as insurance companies, banks, and healthcare providers to securely run the latest Document AI features in the cloud. Elsewhere, Hyperscience partnered with Carahsoft for government Hypercell access, and ABBYY won Newsweek AI Impact Award in ‘AI in Finance: Best Outcomes, Accounting’. DocAcquire launched its auto-splitting/classification feature. At the end of the month, ancora Software launched ancoraFusion with small language models for accurate capture. Hyland launched agentic document processing in its Content Innovation Cloud for end-to-end workflow transformation.
The warmer months were marked by strategic investments, patents, awards, and rising growth metrics:
Beginning of July, Deep Analysis tracked 456 IDP companies—a 15% YoY increase—segmenting the market into seven categories from pure-play IDP to hyperscaler Document AI. Elsewhere, TXT Group acquired a minority stake in Altilia (with options to 100%) to boost financial services digital transformation. Cogniquest partnered with Docusign, integrating IDP for complex tables and KYB into Intelligent Agreement Management. ABBYY launched Process AI for Consulting and IDP Analytics to offer its partners and customers enhanced process insights and optimized document-centric operations. Infrrd earned a patent for AI dimension detection in engineering images. Cortical.io reappointed its Co-founder Francisco Webber as CEO to target intelligent operations growth.
Elsewhere, Automation Anywhere was named 2025 Gartner Peer Insights Customers’ Choice for IDP. DocBits rolled out automated testing, walkthroughs, and multilingual support. Alkymi raised strategic financing to scale unstructured data insights for financial services. OpenText replaced CEO/CTO Mark Barrenechea with interim CEO James McGourlay taking over to focus on AI information management. AIIM together with Deep Analysis published their “Market Momentum Index: IDP Survey 2025″ survey, showing a fundamental transformation in how enterprises adopt AI in document workflows.
Meanwhile, KnowledgeLake secured $65M growth investment from Edison Partners and named Kevin Herr its new CEO, succeeding Ron Cameron, who will continue to serve the company in an advisory role. Helm & Nagel (with its IDP solution Konfuzio) launched Quick-Extract LLM agent for 99.5% accurate parser generation. At the end of August, AntWorks was acquired by GTT Data Solutions to combine AI and human intelligence solutions. Elsewhere, ABBYY and IBM expanded their partnership for KYC automation with Document AI + watsonx.ai, and Indico Data reported record ARR and 60% YoY growth from Agentic Decisioning Platform adoption.
Box launched Box Extract (powered by previously acquired IDP vendor Alphamoon) for agentic data extraction from any document type. Down under, Affinda launched its agentic AI document processing platform designed to make it easier for companies to automate their document workflows. Elsewhere, Infosource’s 2025 Global IDP Market Report pegged the sector at $8B+ (14.5% YoY growth) with 16% CAGR through 2029, emphasizing autonomous end-to-end automation. Meanwhile, WorkFusion raised $45M led by Georgian for AI agents in AML/KYC/fraud compliance, ExB launched Anna for automated logistics document processing, and Laiye introduced its Agentic Document Processing Platform with VLMs/LLMs for multilingual docs.
The year 2025 ended with platform launches, rebrandings, financing rounds, analyst reports, and industry awards:
In October, Duco unveiled AI-native data prep and Agentic Rule Builder for no-code NRL rules. OpenText sold eDOCS to NetDocuments for $163M to focus on AI information management. Lithe rebranded as Ondox, and is focusing on practical AI document processing, and DeepOpinion rebranded as Otera, guided by its mission to be “the operating system for the autonomous enterprise.” Meanwhile, Indico Data secured strategic investment from Aviva Ventures, and Planet AI launched JAIDE, an agentic AI assistant with guided workflows integrated into its IDP solution.
In November, at the Document Manager Awards 2025, a number of IDP providers were honored: ibml (Product of the Year: AutoIndexAI), AIDA (One to Watch), ABBYY (Editor’s Choice: Timeline), and Klippa (AI Product: DocHorizon).
Elsewhere, Automat raised $15.5M in a Series A round led by Felicis and with participation from Initialized, Khosla Ventures and Y Combinator, as well as K5 Global and Input Capita, bringing the company’s total capital to $19.25M. At the same time, Infrrd won Deep Analysis’ 2025 Innovation Award for complex industry automation. Otera partnered with d.velop for agentic IDP integration, and Insiders Technologies released OmnIA 1 SP3 with private on-premises LLMs. Mindee integrated with Make for no-code document workflow automation.
Infosource’s 2025 Global Vertical IDP Market Assessment forecasted 16% CAGR, with BFSI leading and GenAI/agentic tech reshaping workflows. Base64.ai added GenAI classification, Ask-to-Document RAG, and audit logs. Last but not least, and to close out the year, AIIM announced its board of directors for 2026 (Jason Cassidy of Shinydocs will serve as Board Chair, with Chris McNulty of Synozur as Vice Chair and Chair-Elect, and Candace McCabe of Walmart, Inc. as Treasurer), signaling a strategic shift to lead the information management profession into the age of AI.
That’s it for this year! We wish you and your loved ones a Happy New Year 2026, thank you for reading and being part of IDP Community!
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