Ephesoft
Tungsten Automation, formerly Kofax, is a global leader in intelligent workflow automation with nearly 40 years of experience. The company provides robust AI-powered solutions to automate data-intensive business workflows, including accounts payable, invoice processing, loan processing, claims processing, and document automation. Their flagship product, Tungsten Transact, offers advanced AI-powered OCR and supervised machine learning for document classification and data extraction, available both on-premises and in the cloud. Tungsten Automation serves over 25,000 customers worldwide across industries such as financial services, insurance, healthcare, government, and business process outsourcing. The company emphasizes innovation, scalability, and trust, with a broad partner ecosystem and a strong global presence. Tungsten Automation's business model includes subscription and consumption-based pricing for their cloud and on-premises solutions, supporting digital transformation and operational efficiency for enterprises.
Ephesoft
Tungsten Automation, formerly Kofax, is a global leader in intelligent workflow automation with nearly 40 years of experience. The company provides robust AI-powered solutions to automate data-intensive business workflows, including accounts payable, invoice processing, loan processing, claims processing, and document automation. Their flagship product, Tungsten Transact, offers advanced AI-powered OCR and supervised machine learning for document classification and data extraction, available both on-premises and in the cloud. Tungsten Automation serves over 25,000 customers worldwide across industries such as financial services, insurance, healthcare, government, and business process outsourcing. The company emphasizes innovation, scalability, and trust, with a broad partner ecosystem and a strong global presence. Tungsten Automation's business model includes subscription and consumption-based pricing for their cloud and on-premises solutions, supporting digital transformation and operational efficiency for enterprises.
TL;DR
What: Intelligent Document Processing (IDP) software using AI/ML for data extraction and document classification
Headquarters: Irvine, California
Founded: 2010
Acquisition: Acquired by Tungsten Automation (announced 2022)
Investors: Mercato Partners and In-Q-Tel (IQT) participated in disclosed rounds
Company Overview
Problem Domain
Document capture, classification, and data extraction for enterprise automation
Founded
2010
Industry
Enterprise software / Intelligent Document Processing
Tech Stack
Funding Track Record
Investor Signal
“Mercato Partners and In-Q-Tel (IQT) invested in disclosed rounds”