Docugami

Docugami

Generates insights from business documents using AI

About Docugami

Simplify's Rating
Why Docugami is rated
B+
Rated A on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

AI & Machine Learning

Real Estate

Company Size

11-50

Company Stage

Seed

Total Funding

$9.7M

Headquarters

Kirkland, Washington

Founded

2017

Overview

Docugami focuses on using generative AI to enhance business documents. Their main product is a suite of Large Language Models (LLMs) that have been trained on millions of business documents. These models can transform unique business documents into structured data, allowing users to generate reports, insights, and new documents based on their existing content. This process reduces the chances of errors and maintains data security. Unlike many competitors, Docugami's solutions are designed to provide immediate benefits to users without the need for extensive IT resources or training. The company's goal is to deliver value to various industries, including Commercial Insurance, Real Estate, Technology, and Professional Services, by making document management and data extraction more efficient.

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Simplify's Take

What believers are saying

  • Docugami's expansion into Canada taps into a pool of advanced AI talent.
  • The $1 million NSF grant supports Docugami's innovative document AI research.
  • Partnerships with NSF and others enhance Docugami's credibility and innovation potential.

What critics are saying

  • Competition from AI giants like OpenAI and Cohere threatens Docugami's market position.
  • Expansion into Canada may expose Docugami to geopolitical and regulatory challenges.
  • Reliance on partnerships like LangChain poses risks if partners develop competing solutions.

What makes Docugami unique

  • Docugami specializes in generative AI for business documents, offering unique LLMs.
  • The company converts business documents into data, ensuring secure and accurate insights.
  • Docugami's solutions require minimal IT investment, providing immediate value to users.

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Funding

Total Funding

$9.7M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$10M
Docugami

Benefits

Competitive salary with stock options

Healthcare plan

Competitive vacation and leave policy

Vibrant and inclusive company culture with frequent team-building events

Healthy snacks stipend

Unlimited in-house healthy snacks & drinks

Competitive vacation and leave policy

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
GeekWire
Feb 14th, 2025
As Trump Spars With Canada, Seattle-Area Startup Embraces Talent And Customers Across The Border

GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .A Docugami in-person meet up in June 2023. Co-founder and CEO Jean Paoli is in the second row in pink. (Docugami Photo)As President Trump wields tariffs and strains relations with Canada, Seattle area’s Docugami is strengthening its cross-border ties.The document management startup is eager to reach a bigger pool of talent and new customers with the recent opening of a new subsidiary in Vancouver, B.C.For co-founder and CEO Jean Paoli, the move had nothing to do with politics or current events. For him, it’s just good business.“I don’t think this is a policy conversation for us,” Paoli said, adding that the plan has been in the works for 18 months.“If you think about Ottawa, if you think about Vancouver, [and] other places in Canada, there’s a lot of advanced AI scientists and innovation happening there all the time,” he said.Docugami has hired two Canadian employees so far. The business overall has 27 full-time employees and 10-to-15 consultants.Paoli said he created a subsidiary versus a satellite office because it will be easier to hire staff, collaborate with partners and customers, secure contracts, and work with the Canadian government.Docugami’s technology helps companies in sectors including commercial insurance, pharmaceuticals, electronics and others use generative AI to manage massive volumes of complicated documents

Docugami
Feb 2nd, 2024
Retrieval-Augmented Generation improves AI accuracy - and Docugami KG-RAG with exclusive hierarchical semantic chunking outperforms other RAG approaches

Docugami has worked with LangChain, LlamaIndex, and others to publish templates and other resources to make it easy for organizations to use Docugami KG-RAG in their business processes.

Samsung Next
Oct 10th, 2023
Portfolio — Samsung Next

Sector: All / AI / Blockchain / Fintech / Healthtech / Infrastructure / Mediatech

Docugami
Aug 5th, 2023
Turning Documents into data: docugami-llamaindex webinar on using metadata for greater accuracy and precision

Docugami recently collaborated with LlamaIndex on a webinar to discuss how to improve the accuracy and precision of data generation from long-form documents.

WOBN
Jun 28th, 2023
National Science Foundation Awards Docugami $1 Million Grant to Advance Its Industry-Leading Generative AI for Business Documents – Washington Oregon Biotech Networks | Seattle, Portland and regional news, jobs, and events

Docugami, the Seattle-area startup using Generative AI to unlock the data from business documents, announced today it has received a $1 million grant from the National Science Foundation to support the company’s efforts to advance the science of identifying, analyzing, and understanding the semantic relationships between various elements of long-form documents to create a Document XML Knowledge Graph.

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