Swiss AI start-up wins VI Partners as a new investor and receives 2.5 million Swiss francs to develop the product further and drive the company forward.
For one Swiss startup, this year just got better. As a Forbes-listed (2021) top AI startup in the DACH region, Acodis announced today that VI Partners will be joining the company as a new investor. With that, the company has secured CHF 2.5million from VI Partners and existing investors. Acodis will use the new funds to further develop its product, customer success, and distribution channels. Their recent G2 awards have displayed the company as High Performer in the AI data extraction market and show promising growth in line with these new funds.
Successful year for Acodis so far
Martin Keller, CEO and co-founder of Acodis, states: “Besides all the challenges, 2021 was a great business year so far for Acodis. We have successfully onboarded large new customers and been awarded by Forbes and G2. 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.”
Benefits for all involved
Joe Neale, Tech Partner at VI Partners, comments: “The Intelligent Document Processing (IDP) market is exploding. We are excited to partner with Acodis, who are on the cutting edge of this space with their machine-learning technology. VI’s investor base includes large industrial corporates, looking to forge mutually beneficial relationships with Acodis. We strongly believe that Acodis’ exceptional and passionate team promise a bright future for customers looking to automate ineffective processes.”
Acodis is dedicated to the automation of business documents since its founding in 2016. The Acodis IDP platform, powered by machine learning, enables automated processing of any document within seconds. This replaces manual document transfers and allows extracted data to be exported in a structured format. Acodis is based in Winterthur, Switzerland, and currently employs 25 people.
About VI Partners
VI Partners is the longest-established Swiss VC firm. For more than 20 years, VI Partners has been supporting innovative Technology and Healthcare companies, investing over CHF 250m in 55 ventures. VI Partners initially has been advising Venture Incubator fund, an investment vehicle founded by ten blue-chip Swiss corporations, and more recently established VI Partners Swiss Innovation Fund. Learn more on: www.vipartners.ch
Head of Marketing at Acodis