Mindee, a San Francisco, CA, U.S. and Paris, France-based API-first platform designed for developers to eliminate manual data entry, emerged from stealth mode and raised a $14m Series A funding.
The round was led by GGV Capital with participation from Alven, and existing investors Serena Capital and Bpifrance through its Digital Venture fund. Notable executives in the application development space who also participated in the round include the co-founder and former CEO of Algolia, Nicolas Dessaigne and the co-founder and CTO of Datadog, Alexis Lê-Quôc. In conjunction with the funding, Tiffany Luck, investor with GGV Capital, will join the Mindee board of directors.
The funding will be used to expand presence in the U.S. and European markets to further develop both the underlying machine learning engine and platform features.
Mindee helps developers automate workflows in their applications by standardizing the document processing layer. Its API helps companies avoid manual data entry and can be used in expense management, accounts payable automation, procurement, accounting, insurance, user and employee onboarding, loan applications, underwriting, and more.
The company offers developers a document parsing API that can be deployed with two lines of code and production ready within hours. The API features deep learning algorithms, can be trialed free of charge (no credit card required) and used for any type of document.
Mindee serves clients in finance, research, insurance, government, healthcare and logistics industries.
FinSMEs
07/10/2021