Ocrolus logo — Ocrolus is a document AI platform that enables faster and mo...

Ocrolus

Ocrolus is a document AI platform that enables faster and more accurate financial decision-making.

Founded 2014 United States New York, United States 719 employees Series C Total: $126.97M Finance, Financial Services +2

General Information

Company Name Ocrolus
Founded Year 2014
Location United States New York, United States +1
Employees 719
Industries Finance, Financial Services, Fintech +1
Funding Stage Series C
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About Ocrolus

Ocrolus is a document AI platform that enables faster and more accurate financial decision-making. The company analyzes documents with over 99% accuracy, regardless of format or quality, supporting hundreds of document types including bank statements, pay stubs, and tax forms. Ocrolus provides a trusted solution to detect fraud, analyze cash flows and income, and streamline decisions for 400+ clients. Use-cases range from small business, mortgage, and consumer lending to tax preparation and Medicaid eligibility. Customers such as Enova, PayPal, Brex, CrossCountry Mortgage, Plaid, and SoFi leverage Ocrolus' automation to build delightful user-experiences. The company was founded in 2014 and is based in the United States. In a significant achievement, Ocrolus secured an $80.00M Series C investment on 22 September 2021, attracting a notable group of investors including Fin Capital, FinTech Collective, Stage 2 Capital, QED Investors, RiverPark Ventures, Bullpen Capital, Mubadala Capital, Verdure Capital Management, Cohen Circle, and Invus Opportunities. This latest investment underscores the confidence of the investor community in Ocrolus' innovative document AI platform and its potential to revolutionize financial decision-making. With its broad client base and impressive accuracy rates, Ocrolus has positioned itself as a leader in the Financial Services, Fintech, and Banking industries. For more information, visit Ocrolus.com.

Taxonomy: document AI, financial decision-making, fraud detection, document automation, credit decisions, digital lending, data validation, automation platform, document classification, mortgage, banking

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Series C •••••• 10
Investor Investor Investor Investor Investor Investor Investor Investor Investor
•••• ••••
22 Sep 2021
Series B •••••• 10
Investor Investor Investor Investor Investor Investor Investor
•••• ••••
25 Aug 2020
Series B •••••• 8
Investor Investor Investor Investor Investor Investor Investor Investor
25 Jun 2019
Series A •••••• 10
Investor Investor Investor Investor Investor
•••• ••••
09 Apr 2018
Convertible Note •••••• 6
Investor Investor Investor Investor Investor
•••• ••••
01 Jul 2016

View All 6 Funding Rounds

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FAQ About Ocrolus

Ocrolus is a document AI platform that enables faster and more accurate financial decision-making.
Ocrolus was founded in 2014.
Ocrolus is headquartered in New York, United States.
Ocrolus operates in the following industries: Finance, Financial Services, Fintech, Banking.
Ocrolus has approximately 719 employees.
Ocrolus has completed 6 funding rounds, raising a total of $126.97M. The latest funding stage is Series C.
Top alternatives and competitors to Ocrolus include Lendsnap, Nojumi Solutions Inc., DocsDirect, Docutech®, RealKey. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ocrolus and Lendsnap are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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