Daloopa, New York-based, has raised $20 million in Series A funding was led by Credit Suisse NEXT Investors.
Existing investors Nexus Venture Partners, Uncorrelated Ventures, and Hack VC also participated in the round.
The fund will be used to expand its artificial intelligence-driven data extraction services for financial institutions.
Company: Daloopa Inc.
Raised: $20.0M
Round: Series A
Funding Month: July 2021
Lead Investors: Credit Suisse NEXT Investors
Additional Investors: Nexus Venture Partners, Uncorrelated Ventures, and Hack VC
Company Website: https://daloopa.ai/
Software Category: AI-powered data extraction services
About the Company: Daloopa provides high-quality AI-powered data extraction services to hedge funds, investment banks, and other financial institutions. Daloopa's technology produces high-fidelity data extraction from millions of highly complex financial documents, extracting financial data across structured and unstructured documents in dozens of languages. Daloopa is based in New York with offices in New Delhi and Rio De Janeiro. Daloopa is founded by Thomas Li, Daniel Chen, and Jeremy Huang.
Source: https://www.prnewswire.com/news-releases/daloopa-closes-20m-series-a-to-automate-data-extraction-for-financial-institutions-301334158.html