Reducto AI has successfully closed a $75 million Series B funding round, spearheaded by a16z. This investment fuels their core mission: to pioneer the next stage of AI-driven document understanding. With this funding, Reducto aims to broaden its services to cater to both cutting-edge AI startups and large-scale enterprises.
Since its inception, Reducto’s focus has been on enabling teams to access this data accurately and reliably.
The Series B funding, with participation from existing investors Benchmark, First Round Capital, Y Combinator, and BoxGroup, will support Reducto in accelerating model research, enhancing product capabilities, and expanding adoption across both enterprises and AI startups.
Reducto has rapidly become a benchmark for companies developing AI applications ready for deployment. Its technology is leveraged by a diverse range of organizations, from leading AI innovators such as Harvey, Mercor, and Rogo, to major corporations including a Fortune 10 company, a Global Top 5 Hedge Fund, and dominant players in Healthcare, Insurance, and Real Estate.
According to the Top 5 Hedge Fund, the company’s growth speaks volumes. Since announcing its Series A just six months ago, Reducto’s monthly processing volume has surged sixfold. To date, it has processed over a billion pages, empowering teams to build intelligent document workflows and applications capable of reading, editing, and acting on unstructured data.
Beyond advanced parsing tools, Reducto provides a comprehensive document intelligence toolkit. Over the past year, the company has continued to innovate with its split and extract endpoints and introduced the first unstructured document editing API, designed to help teams create applications that can seamlessly interact with documents.
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