The Winterthur-based start-up Acodis has newly joined the Microsoft for Startups program. According to an article on startupticker.ch, at the same time two further Swiss start-ups were added to the Microsoft program that aims to support start-up founders in the area of Deep Tech: KimboCare from Renens in the canton of Vaud and Facedapter from Le Grand-Saconnex near Geneva.
Acodis has developed the IDP platform to automate processing of business documents. IDP stands for Intelligent Document Processing and is based on the use of Artificial Intelligence (AI) and machine learning processes. According to the article, this allows a document to be processed automatically within seconds, which would replace manual document processing and transfers.
According to the company website, Acodis was founded in 2016 in Winterthur by three students from the Swiss Federal Institute of Technology in Zurich (ETH). They originally wanted to create an app for alpine pursuits. However, when processing documents stored in the old way, they stumbled upon their current field of work. In 2019, the start-up took part in the Venture Leaders Fintech Roadshow in Hong Kong. It was only in May that the start-up, originally named Turicode, was renamed Acodis. Today, the company employs 25 people.
The Microsoft for Startups program is a free, global initiative, the article states. It supports start-ups operating in the field of B2B to scale their businesses by offering technologies such as Azure and GitHub Enterprise, as well as access to Microsoft’s global partner ecosystem. According to the article, the cloud computing platform Microsoft Azure is already used by Acodis.
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