Veryfi logo — Turn Any Document Into Data Using AI.

Veryfi

Turn Any Document Into Data Using AI.

Founded 2017 United States San Mateo, United States 57 employees Series A Total: $12.70M Big Data, Computer Vision +4

General Information

Company Name Veryfi
Founded Year 2017
Location United States San Mateo, United States +2
Employees 57
Industries Big Data, Computer Vision, Enterprise Software +3
Funding Stage Series A
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About Veryfi

Veryfi is setting a transformative standard in the realm of document processing with its innovative data extraction solutions powered by AI. Founded in 2017 and headquartered in the United States, the company has made significant strides in Big Data, Computer Vision, and Enterprise Software.

The company's slogan, "Turn Any Document Into Data Using AI," resonates well with its offering, as Veryfi utilizes fine-tuned LLMs and vision models to ensure unparalleled accuracy in data comprehension across various document types. This technology has gained traction particularly among fintech companies and CPG brands, known for its speed, precision, and robust security features.

In terms of financial backing, Veryfi secured a $12.00M Series A investment in April 2021, led by notable investors including Act One Ventures, New View Capital, and TI Platform Management. This infusion of capital underscores investor confidence in Veryfi’s potential to reshape document processing across diverse industries.

Taxonomy: Data Extraction, Document Capture, AI-Powered Data Processing, OCR Technology, FinTech Solutions, CPG Integration, Invoice Processing, Expense Management, Intelligent Document Processing, Automated Bookkeeping, AI Document Comprehension, Bank Statement Processing, AI-Driven Text Recognition, AI Information Extraction

Services & Products

Document Capture Software
Data Extraction APIs
Workflow Automation
Embedded No-Code AI Experience Builder
Fraud Detection

Target Customers

Accountants Banking and Financial Services Construction Companies CPG & FMCG Brands Healthcare Providers Real Estate Agencies

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 3
Investor Investor Investor
06 Apr 2021
Non Equity Assistance •••••• 1
Investor
05 Dec 2017
Pre Seed Round •••••• 3
Investor Investor Investor
20 Mar 2017

Veryfi Alternatives & Competitors

Veryfi vs
Paradatec, Inc.
Paradatec, Inc. United States

Automated, AI-based document classification and data extraction for business process automation

18 employees
AI, Financial Services
Veryfi vs
Datamolino
Datamolino United Kingdom

Automated data capture and invoice processing

Seed
12 employees
Enterprise Software, Fintech
Veryfi vs
Forage AI
Forage AI United States

We power growth by foraging for unique data.

120 employees
AI, Data Analytics

FAQ About Veryfi

Turn Any Document Into Data Using AI.
Veryfi was founded in 2017.
Veryfi is headquartered in San Mateo, United States.
Veryfi operates in the following industries: Big Data, Computer Vision, Enterprise Software, Fintech, Information Technology, Retail.
Veryfi has approximately 57 employees.
Veryfi has completed 3 funding rounds, raising a total of $12.70M. The latest funding stage is Series A.
Veryfi offers: Document Capture Software, Data Extraction APIs, Workflow Automation, Embedded No-Code AI Experience Builder, Fraud Detection.
Top alternatives and competitors to Veryfi include Paradatec, Inc., Datamolino, Forage AI, AREAL, Alphamoon. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Veryfi and Paradatec, Inc. 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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