Winterthur - Acodis has raised a total of 2.5 million Swiss francs in fresh capital. The start-up based in the Greater Zurich Area has developed a tool to convert documents into structured data with the help of Artificial Intelligence.

Acodis has secured a total of 2.5 million Swiss francs in fresh capital, further details of which can be found in a press release. A significant portion of this sum came from VI Partners, a venture capital firm located in the canton of Schwyz, which is joining Acodis as a new investor. In addition, existing investors again participated on this occasion.

Acodis celebrates fresh capital injection
Image: Pixabay

Acodis is active in the field of intelligent document processing (IDP). Leveraging the benefits of Artificial Intelligence (AI), the start-up is able to convert documents into structured data within a matter of seconds. Acodis plans to use the fresh capital to further develop and fine-tune its product.

“Thanks to our new investor who brings in a strong business network and deep expertise in tech, we can now accelerate our growth towards our mission to turn documents into value”, explains Martin Keller, CEO and co-founder of Acodis, in the press release.

According to Joe Neale, Tech Partner at VI Partners, Acodis is assuming a pioneering role in the area of intelligent document processing with its development. “We strongly believe that Acodis’ exceptional and passionate team promise a bright future for customers looking to automate ineffective processes”, he adds.

Thanks to our new investor who brings in a strong business network and deep expertise in tech, we can now accelerate our growth towards our mission to turn documents into value
Martin Keller - CEO and co-founder of Acodis

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