Say bye to hating paperwork. No more manually going through all those documents.

Thank Staple, a Singapore-founded startup that uses AI to process your documents faster than ever. Oh, and they’ve just raised a $4M Pre-Series A!

• Founded in 2018, their tech can process multiple document types in 200+ languages.

Investor check. Wavemaker Partners led the round.

• They raised a seed in 2022 from investors like Delivery Hero Ventures.

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🤔 The problem?

Lots of documents use unstructured data that are difficult to categorize and automate.

So, businesses spend tons of time and $$$ on hiring people to process it manually!

• Companies handle anywhere from 1,000 to 100,000 documents a month on different formats.
• It’s not perfect. Manual processing means it’s prone to error. With each mistake costing about $50 to fix, businesses could waste millions a year just correcting these mistakes.

What it looks like. These are documents for medical documents and claims, logistics, accounts payable, and more.

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📄 How it works

It’s not just analyzing data. They claim their tech can read and interpret documents just like humans can!

• This allows you to easily extract data from documents, automate workflows, convert data into structured formats, and store this data—at scale.
• Their API can respond in seconds, processing thousands of documents.

Here are things you can do:

• Healthcare. Easily capture medical information, extract and import patient data into other platforms, and convert data into structured formats for storage in patient records.
• Accounts payable. Quickly import and process the documents you need from multiple channels, extract the data, and export it into your company platforms or spreadsheets.

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💰 What’s with the $$$?

They’ll level up their AI-powered tech and grow their services to adapt to more diverse business needs. Plus, they’ll continue pushing for global expansion!