Nanonets enables self-service artificial intelligence by simplifying adoption: organizations can easily build machine learning models with minimal training data or knowledge. Nanonets’ machine learning API takes only a tenth of the data and no machine learning knowledge to train a model, hence addressing both of these issues for businesses.
The platform supports a wide variety of documents, such as invoices, ID cards, tax forms, income proofs, and more. The company has raised three total rounds of funding: a $120,000 seed round was held in 2017, followed by a $1,500,000 seed round the same year. The company's earlier investors included Ashton Kutcher, Y Combinator, SV Angel, and Soma Capital.
2022 • Series A
Nanonets is a deep learning-based optical character recognition (OCR) software that helps organizations digitize PDFs, receipts, and other documents. Businesses can use the platform to scan documents and add the retrieved data to their system. In Feb 2022, Nanonets announced it has raised $10 million in a Series A investment round which was led by Elevation Capital.
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