Wisedocs, a Toronto, Canada-based machine learning software-as-a-service for medical record processing closed CAD 4.1 million oversubscribed Seed financing round. 

The investment is led by Ripple Ventures, with participation from Greensky Capital, and angel investors including George A. Papayiannis of Vena Solutions, and startup veteran, Tim Lett. The seed financing round follows a previous pre-seed investment.

Wisedocs’ seed financing is a key investment that supports continued expansion into the United States. Wisedocs launched in the U.S. at the end of 2021, followed by the opening of new American headquarters in Florida to support a growing US customer base. 

Company: Wisedocs Inc.

Raised: CAD 4.1M

Round: Seed Round

Funding Month: March 2022

Lead Investors: Ripple Ventures

Additional Investors: Greensky Capital, George A., and Tim Lett

Company Website: https://www.wisedocs.ai/

Software Category:  Intelligent document processing AI

About the Company: Wisedocs is an intelligent document processing AI for the medical sector. Wisedocs is a software platform that makes it easy to sort, understand, and organize unstructured medical records through proprietary Intelligent Optical Recognition and Machine Learning. They are on a mission to erase the headache of manual work to create a more positive experience for insurance companies, legal firms, healthcare providers, and their claimants. Founded in 2018, Wisedocs is at the forefront of AI-enabled ICR for medical records.

Source: https://www.businesswire.com/news/home/20220317005018/en/Wisedocs-Closes-Oversubscribed-4.1M-Seed-Financing-to-Revolutionize-the-Medical-Record-Review-Process-for-the-Insurance-Industry