The growing adoption of automation technologies in the enterprise is likely to benefit Mindee in the months to come, according to Grandperrin.

Mindee’s document-parsing API is currently available with a free-of-charge trial.

Startups in the space include Anvil, Flatfile, and Rossum, among others, some of which focus on particular industry verticals.īut the company, which has an office in France, says it has approached potential customers in the finance, research, insurance, government, health care, and logistics industries. For example, Google offers Document AI (DocAI) platform, a console for AI-driven document processing hosted in Google Cloud. Mindee competes with services from Microsoft, Amazon, Adobe, and others in the multibillion-dollar intelligent document processing market. “ tapped into large global datasets from different types of clients to eliminate potential business or industry biases … More than 60 countries represented in our datasets.” The advantage of this is very high precision - less false positives than traditional machine learning - and very strong geography robustness,” Grandperrin said. “Mindee combines both computer vision and a traditional optical character recognition-based natural language processing pipeline to parse documents. That’s as opposed to optical character recognition technology, which reads all the words in a document and captures data based on language processing. Mindee’s AI algorithms first analyze the document image from a visual perspective to locate where pertinent data might be hidden and then read only that subpart of the image. “Mindee’s technology makes the entire process faster and easier for all parties involved - the employee or applicant submitting and the company personnel who review, approve, and reimburse.” AI-powered processing Think about back-office processes, expense management, accounts payable automation, accounting processes, loan applications, insurance policy registration - the list goes on,” CEO Jonathan Grandperrin told VentureBeat via email. “All businesses, regardless of size, deal with multiple paper-heavy processes. Mindee imports the data into first- and third-party systems with algorithms trained on a library of use cases and workflows.

San Francisco, California-based Mindee, which was founded in 2018, leverages AI and APIs to capture data from scans of expense management, accounting, insurance, employee onboarding, loan applications, and underwriting documents.

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