Switzerland-Based Acodis Closes CHF 6 million Series A Funding Round

The Swiss AI start-up Acodis closed a CHF 6m financing round from existing and new investors to transform Document Processing for Pharma and Health.

Acodis, the leading Intelligent Document Processing (IDP) platform, raised CHF 6 million in a Series A funding round led by Hi Inov and VI Partners. The new funds will be used to further expand Acodis’ position as the leading Document Processing Platform for the Pharma and Health sector. 

“The financing is a clear sign of Acodis’ market relevance and the value we provide to our customers,” said Acodis CEO Martin Keller. “We note an accelerating demand from enterprises to unlock unstructured data from documents for business process automation and for enabling data analytics initiatives.” 

Olivier Laplace, Managing Partner at VI Partners, adds: “As part of their digital transformation efforts, corporate players need to streamline their document-intensive processes and unlock valuable information trapped inside documents. The market is gigantic. We have been excited by Acodis’ user-centric approach to building a platform for data extraction that enables companies to process complex and non-standard documents at speed and at scale. We strongly believe that Acodis will become the Pharma and Health industry leader.” 

Wolfgang Krause, Managing Partner at Hi Inov underlines: “Intelligent processing of complex documents is a fast-growing market. We are pleased to have found with Acodis a cutting-edge technology and an outstanding team with the potential to emerge as the leader in this space.” 

Acodis’ mission is to help businesses make better use of unstructured data from documents (PDF, word, scans, etc.). Its no-code platform allows business users to set up and customize AI models for any document type and in any language. The SaaS solution is trusted by the largest Pharma companies in the world that face ever-increasing regulatory, risk and compliance requirements. 

In the last twelve months, Acodis reached significant milestones, including: 

Nicole Piana
nicole.piana@acodis.io
+41 52 520 6202
acodis.io

Acodis is the leading Intelligent Document Processing (IDP) platform for large companies in Pharma and Health. Powered by machine learning and AI, Acodis enables automated processing of any document within seconds. Acodis is based in Winterthur, Switzerland, and currently employs 25 people. 

For more information, visit www.acodis.io or follow us on LinkedIn

VI Partners is the longest-established Swiss Venture Capital firm. For more than 20 years, VI Partners has been supporting innovative Technology and Healthcare companies, investing over CHF 330m in 65 start-ups. VI Partners-managed funds are backed by Switzerland’s most visible companies and institutions, including ETH Zurich, ABB, Buhler, Credit Suisse, Hilti, McKinsey, Nestlé, Schindler, Sulzer, Suva and ZKB as well as the European Investment Fund and many other institutional investors. 

For more information, visit: www.vipartners.ch 

Contact: Olivier Laplace - olivier@vipartners.ch 

Hi Inov was founded in 2013 by Pierre-Henri Dentressangle and Valérie Gombart and is a European B2B venture capital fund created by entrepreneurs for entrepreneurs. Hi Inov supports European hyper-growth companies that contribute to the transformation of the industrial and service sectors through their innovative digital technologies. With an experienced team, a strong Franco-German culture and a solid network, Hi Inov guides companies from their beginnings to becoming world leaders in their category. With more than €250M of capital from entrepreneurs, medium and large companies and institutional investors, it is based on a vision that integrates sustainability and energy efficiency of technical architectures at the heart of its investment and support strategies. Its portfolio of some thirty European companies includes Deepki, Platform.sh, 360 Learning, Agorapulse and Ninox. 

For more information, visit: www.hiinov.com
LinkedIn: https://www.linkedin.com/company/hi-inov/ - Twitter: @Hiinov. 

Contact: Wolfgang Krause - w.krause@hiinov.com