
Unstract is a no-code platform that automates document processing workflows using large language models (LLMs) to handle unstructured data. It offers a unique solution for industries like finance and insurance, focusing on claims processing, underwriting, and KYC onboarding. The platform differentiates itself with features like LLMChallenge, which uses two LLMs to ensure accuracy and reduce hallucinations in data extraction. With a flexible pricing model and open-source capabilities, Unstract aims to streamline complex document workflows while maintaining compliance and security.

Unstract is a no-code platform that automates document processing workflows using large language models (LLMs) to handle unstructured data. It offers a unique solution for industries like finance and insurance, focusing on claims processing, underwriting, and KYC onboarding. The platform differentiates itself with features like LLMChallenge, which uses two LLMs to ensure accuracy and reduce hallucinations in data extraction. With a flexible pricing model and open-source capabilities, Unstract aims to streamline complex document workflows while maintaining compliance and security.
Product: No-code, LLM-powered platform that converts unstructured documents into structured data (ETL/API/Prompt Studio)
Open-source: Available under AGPL 3.0
Target industries: Finance, insurance, healthcare (claims, underwriting, KYC/onboarding)
Employees: ~30
Recent funding: Seed round Nov 27, 2022 (~$5.24M total)
Structuring unstructured documents and automating downstream workflows in regulated industries.
2022
Document processing / AI / Enterprise software
5240000.00
Seed round reported Nov 27, 2022 (~$5.24M)