AI-powered Document Processing Platform Mindee Raises $14 Million in Series A  

by Kay Aloha Villamor in October 7th, 2021

Mindee, a San Francisco, California-based Document processing automation startup, emerged from stealth with $14 million in series A funding led by GGV Capital.

With participation from Alven, Serena Capital, and Bpifrance through its Digital Venture fund. 

The company plans to use the funding to expand its presence in the U.S. and Europe and further develop its machine learning and platform technologies.

Company: Mindee SAS

Raised: $14.0M

Round: Series A

Funding Month: October 2021

Lead Investors:  GGV Capital

Additional Investors: Alven, Serena Capital, and Bpifrance

Company Website:  https://mindee.com/

Software Category: AI-powered document processing platform

About the Company: San Francisco, California-based Mindee, which was founded in 2018, leverages AI and APIs to capture data from scans of expense management, accounting, insurance, employee onboarding, loan applications, and underwriting documents. Mindee imports the data into first- and third-party systems with algorithms trained on a library of use cases and workflows. Mindee’s AI algorithms first analyze the document image from a visual perspective to locate where pertinent data might be hidden and then read-only that subpart of the image. Since January 2021, Mindee has doubled the number of employees, with a plan to end 2021 with 30 employees. Employees are now located in France, Canada, and the U.S. In 2022.

Source: https://venturebeat.com/2021/10/06/ai-powered-document-processing-platform-mindee-lands-14m/



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