Parashift and d.velop partner to build innovative solutions

As part of a comprehensive AI initiative and platform expansion, d.velop aims to optimize its customers’ document processes with the support of AI for a variety of document types using Parashift’s Intelligent Document Processing solution.

Parashift, an Intelligent Document Processing (IDP) vendor, announced July 11 that it has partnered with software vendor and platform d.velop. Together, the two companies aim to support organizations in digitizing and automating their document processes with AI, as well as develop new innovative solutions.

Rainer Hehmann, Co-CEO and Member of the Executive Board of d.velop, explained: “We are very excited about the new collaboration with Parashift. The combination of our competencies opens up completely new possibilities for our customers to optimize their document processes with the support of artificial intelligence for a wide variety of document types in the simplest way possible and to implement their digital innovation projects based on their use cases. Together, we will develop innovative solutions to meet the growing demands of the digital transformation of the working world.”

Sebastian Evers, Co-CEO and Member of the Executive Board of d.velop, added: “With this partnership, we see the opportunity to expand our fast-growing content services platform with a strong new player and thereby further strengthen our marketing activities in the DACH region and throughout Europe.”

Alain Veuve, Founder and CEO at Parashift, commented: “The partnership with d.velop is a big step forward for us. We share the same vision to help companies manage their document-based processes and make the benefits of AI technology accessible to them. Starting with automated document classification and information extraction, we will gradually expand the scope of collaboration and help our customers optimize their workflows.”

Just last week, Parashift announced that it had joined the M-Files Solution Partner Program, enabling M-Files customers to benefit from automated data extraction from a wide range of documents.

Parashift, headquartered in Sissach, Switzerland, offers a cloud-native Intelligent Document Processing (IDP) platform that leverages advanced machine learning-based document classification and data extraction. With its proprietary Document Swarm Learning technology, the deep-tech company pursues an innovative approach.

You can find the full press release here.

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