DocSumo raised $220K from Better Capital, Techstars, Barclays

Ai-based DocSumo Mumbai-based DocSumo, a document AI startup raised seed funding of $220,000 from Better Capital, TechStars, and Barclays. DocSumo will use this investment to strengthen its product, marketing, and sales engine, and also foray into newer markets like the US.

DocSumo’s technology platform helps to automate and analyse financial data such as bank statements, pay stubs, tax data, and business financial documents. It helps companies and firms to convert unstructured documents into structured data. The startup claims that it helps financial services companies to save up to 70 percent of office costs through document data capture, analytics and fraud detection.

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