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Docsumo is a software company that has used artificial intelligence (AI) to develop a solution to expedite document processing and then extract data from the documents. It was founded in 2019 and was a participant in Techstars' accelerator program. The company has its headquarters in Mumbai and locations throughout the world, including New York and Kathmandu.
Docsumo's platform automates document data extraction, which can then be used for business insights in industries such as finance, insurance, real estate, logistics, and lending. To use the platform, businesses and enterprises can import documents in various forms, such as PDFs, images, and emails. It can preprocess and classify the documents before using the platform to train custom machine learning (ML) models on the dataset. The models can be monitored for accuracy, and Docsumo has a feature that allows users to request a human to review the dataset for accuracy.
Once the data has been confirmed for accuracy, it can be categorized and leveraged to discover business insights that can be used for decision-making. Outputs come in different forms, such as CSV, XLS, and JSON, which can be integrated into existing systems at the company, including accounting and payroll software.