AI

$14M for fileAI to help you analyze and automate your files

February 4, 2025
Image from fileAI

Got too much files to process? Say hello to more productivity and cost savings with fileAI! This Singapore-based startup uses AI to make it easier for you to automate and analyze your files regardless of file type or format.  

  • They just raised their $14M Series A! 

Investor check. Illuminate Financial, Antler Elevate, Insignia Ventures Partners, Heinemann Group, and others joined the round. 

🔤 The ABC’s of fileAI

fileAI’s solutions are being used by companies in finance, insurance, accounting, and manufacturing to analyze large volumes of documents and make critical business process decisions. 

Automating manual business processes. Using agentic AI, fileAI is able to automate intensive processes such as insurance claims, accounting, import/export operations, loan origination, and more!

  • Their agentic workflows assess data and make decisions based on set parameters. Oh, and it can even do follow-up actions!

Making sense of unstructured data. Got handwritten notes, printed invoices, PDFs, spreadsheets, and more files in different formats?

  • fileAI can extract, structure, and enhance data from both digital and physical sources to streamline your operations. Yep, you’ll be able to process large document volumes with ease.
  • Oh, and the platform can process files in over 200 languages! fileAI’s clients include MS&AD, Toshiba, KFC, and more.

🌄 In the horizon

They’re set to launch their newest platform tailored for the Compliance, Procurement, Legal, and Finance sectors.

  • They’re looking to automate workflows for long-form documents and offer document comparison, discrepancy detection, data validation, and compliance assurance.

And the $$$? They’ll boost product development and work on their expertise in AI file management.

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