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Amsterdam-based Ship AI, a startup that builds software program to show AI fashions to course of paperwork and emails, has secured €2.2M in a pre-seed spherical of funding.
The funding was led by Google’s AI fund, Gradient Ventures, and Dutch VC agency, Eager Enterprise Companions. The spherical additionally noticed participation from former and present executives of UiPath, MongoDB, and Google DeepMind.
What does Ship AI provide?
Based in 2021 as Autopilot by Thom Trentelman and Philip Weijschede, Ship AI specialises in automating doc processing for corporations.
The startup claims to excel in extracting key data from advanced paperwork, comparable to low-quality scans, photographed paperwork, and prolonged PDFs, making certain excessive precision.
Co-founder Trentelman says, “These days, folks favor to switch a doc by taking a photograph. As a consequence of various picture high quality, conventional doc processing software program will get caught extra continuously. It additionally occurs that a number of receipts are in a single body. Upright, the other way up, completely different angles – individuals are very artistic.”
“In such circumstances, knowledge entry employees are prompted to copy-paste the data from the doc by hand, which is a time-consuming and error-prone activity.”
Ship AI, in distinction to typical AI startups, avoids main fashions like ChatGPT, choosing a mix of smaller open-source fashions. This strategy emphasises knowledge safety by retaining delicate buyer knowledge on-site. “The pace, considerably decrease value, and skill to have every person prepare their very own fashions additionally performs a big position on this determination,” provides Trentelman.
Initially adopted by well being insurers, Ship AI’s platform has expanded into numerous industries.
Ship AI’s options
Ship AI provides a variety of options, together with Scan to Textual content, which utilises Optical Character Recognition (OCR) to transform photos or scans into readable textual content whereas sustaining the unique construction.
The platform additionally supplies knowledge extraction, enabling customers to coach a customized language mannequin for the automated extraction of entities based mostly on a small coaching set with excessive accuracy. Mannequin Coaching permits customers to create personalised language fashions for recognising particular entities in paperwork.
Moreover, Ship AI helps Information Export, enabling customers to export processed knowledge in keeping with their preferences, with the choice of Kind Checking for validation.
Capital utilisation
Ship AI plans to make use of the funding to boost its workforce, expedite the event of inner AI fashions, and equipment up for worldwide growth.
Anticipating vital development, the startup goals to double in dimension inside the present yr. Take a look at their open positions right here.
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