
Trusted by 35% of Fortune 500 companies, Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Leveraging advanced Optical Character Recognition (OCR)…

Trusted by 35% of Fortune 500 companies, Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Leveraging advanced Optical Character Recognition (OCR)…
Core product: AI-driven document processing and workflow automation using OCR and deep learning
Founded: circa 2017
Headquarters: San Francisco, CA
Recent funding: Series B $29M led by Accel (announced March 2024)
Customers: Used by enterprises including multiple Fortune 500 companies
Document processing and workflow automation for enterprise back-office functions (accounts payable, order processing, insurance underwriting, claims).
2017
Software Development
$10M
$29M
Series B included participation from existing investors including Elevation Capital and Y Combinator
“Accel led the Series B; other investors include Elevation Capital and Y Combinator”
About Nanonets
Nanonets has a vision to help computers see the world starting with reading and understanding documents.Machine Learning (ML) is no longer a futuristic concept—it's a present-day powerhouse transforming the business landscape. Nanonets is at the forefront of this transformation, offering innovative ML solutions designed to make document related processes faster than ever before.
From automating data extraction processes to enhancing reconciliation, our solutions are designed to revolutionize workflows, optimize operations, and unlock untapped potential for our clients. Our client footprint spans across brands such as Toyota, Boston Scientific, Bill.com and Entergy to name a few enabling businesses across a myriad of industries to unlock the potential of their visual and textual data
We recently announced a series B round of $29 million in funding by Accel and are backed by the likes of existing investors including Elevation Capital & YCombinator. This infusion of capital underscores our commitment to driving innovation and expanding our reach in delivering cutting-edge AI solutions to businesses worldwide.
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