6Estates, Singapore’s leading AI document-processing startup, closed a $6.2 million Series B+ funding.
The round was led by Sinarmas Group, with participation from Enterprise Singapore (SEEDS Capital) and Farquhar VC.
This latest investment propels the company to advance its Intelligent Document Processing (IDP) platform in multiple industry sectors such as banking and finance, trade, shipping, logistics, and insurance.
Company: 6Estates Pte Ltd.
Raised: $6.2M
Round: Series B+
Funding Month: February 2022
Lead Investors: Sinarmas Group
Additional Investors: Enterprise Singapore (SEEDS Capital) and Farquhar VC
Company Website: https://www.6estates.com/
Software Category: AI-powered Intelligent Document Processing solutions
About the Company: Founded in 2014, 6Estates is an AI FinTech company that specializes in Multilingual Natural Language Processing (NLP) & Machine Reading Comprehension (MRC) technologies to help customers process unstructured documents. Its Document AI solutions automate operational processes and increase efficiency and productivity. 6Estates has helped several leading regional financial institutions in trade finance and credit assessment through its template-free Intelligent Document Processing to conduct semantic correlation analysis, which is a step above the traditional Optical Character Recognition (OCR) technology. 6Estates is also collaborating with several conglomerate groups in Southeast Asia to re-activate customers of the existing ecosystems to form a new digital ecosystem, by providing group big data platform, risk scoring, fraud detection, customer analytics as well as cross-selling capabilities.
Source: https://thelowdown.momentum.asia/ai-fintech-startup-6estates-secures-b-funding-round-led-by-sinarmas-group/