Invofox
Invofox is an AI-driven document parsing solution that automates data extraction from various document types, including invoices and payslips. The company offers a robust API that transforms unstructured documents into structured JSON, enabling seamless integration for developers. With a focus on accuracy and efficiency, Invofox utilizes advanced AI models and proprietary algorithms to validate and autocomplete data, making it a preferred choice for over 150 software companies globally. Their business model is usage-based, charging per document processed, which allows for predictable costs and scalability for clients.
Invofox
Invofox is an AI-driven document parsing solution that automates data extraction from various document types, including invoices and payslips. The company offers a robust API that transforms unstructured documents into structured JSON, enabling seamless integration for developers. With a focus on accuracy and efficiency, Invofox utilizes advanced AI models and proprietary algorithms to validate and autocomplete data, making it a preferred choice for over 150 software companies globally. Their business model is usage-based, charging per document processed, which allows for predictable costs and scalability for clients.
TL;DR
What they do: AI-driven document parsing API that converts invoices, payslips and other documents into structured JSON
Founded / HQ: Founded 2015; Madrid, Spain
Customers: Serves 150+ customers and processed tens of millions of documents
Business model: Usage-based pricing (per document processed)
Funding signal: Pre-seed / seed round Aug 22, 2022; Y Combinator listed as investor
Company Overview
Problem Domain
Document data extraction and automation for financial and payroll documents
Founded
2015
Industry
Document parsing / Data extraction / AI
Funding Track Record
500000.00
Accelerator participation listed in 2022; public profiles report a funding event on this date.
Investor Signal
“Y Combinator listed as lead investor; other individual and VC investors listed in public profiles”