Hypatos gets $11.8M for a deep learning approach to document processing

Hypatos gets $11.8M for a deep learning approach to document processing

3 years ago
Anonymous $UzyKJJH9oy

https://techcrunch.com/2020/09/02/hypatos-gets-11-8m-for-a-deep-learning-approach-to-document-processing/

Process automation startup Hypatos has raised a €10 million (~$11.8M) seed round of funding from investors including Blackfin Tech, Grazia Equity, UVC Partners and Plug & Play Ventures.

The Germany- and Poland-based company was spun out of AI for accounting startup, Smacc, at the back end of 2018 to apply deep learning tech to power a wider range of back-office automation, with a focus on industries with heavy financial document processing needs, such as the financial and insurance sectors.