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Overview
Nanonets provides an AI-driven platform for intelligent document processing that automates data extraction from unstructured documents to produce actionable insights. It uses Optical Character Recognition (OCR) and deep learning to extract information from a wide range of document types, and offers an API to integrate with existing business systems for seamless workflow automation. Compared with others, Nanonets combines high-accuracy AI-based extraction with flexible, usage-based pricing that scales from small businesses to large enterprises across finance, healthcare, and logistics. The company aims to help organizations automate document-heavy processes by turning unstructured data into structured, usable information.
About Nanonets
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series B
Total Funding
$40.5M
Headquarters
San Francisco, California
Founded
2017
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Simplify's Take
What believers are saying
- Nanonets claims 10,000+ teams and enterprise production use for AP automation.
- AP automation page cites 80% cost reduction, supporting sales against finance buyers.
- August 2024 Sage partnership still exposes Nanonets to a large installed base.
What critics are saying
- SAP Business AI added multi-model invoice extraction and Agent Hub in July 2026.
- UiPath Document Understanding shipped taxonomy-driven extraction and per-operation pricing in 2026.
- Nanonets depends on AP automation; SAP or UiPath bundling can compress margins fast.
What makes Nanonets unique
- OCR-3 launched April 2026, adding /parse, /extract, /split, /chunk, /vqa endpoints.
- Nanonets AP agents post clean data into ERP systems without human keying.
- Sage Intacct marketplace partnership gives Nanonets distribution inside finance workflows.
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Funding
Total Funding
$40.5M
Meets
Industry Average
Funded Over
4 Rounds
Accel
Y CombinatorIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Company Equity
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↓ -1%By integrating Nanonets' advanced AI capabilities with Sage Intacct's robust financial management platform, businesses will benefit from a seamless, automated solution for managing financial documents, reducing manual data entry, and enhancing overall productivity.
Nanonets, an AI automation platform, secured $29 million in a Series B funding round led by Accel, with participation from Elevation Capital, Y Combinator, and others. The San Francisco and Bengaluru-based startup, founded by Sarthak Jain and Prathamesh Juvatkar, focuses on automating tedious tasks for finance, legal, and procurement teams. Despite increased competition, Nanonets has been doubling its revenue year-on-year, primarily from the US market, by automating finance processes like accounts payable and reconciliation.
Nanonets has developed Nanonets Reconciliation AI tool just for you!
For example, Nanonets integrates with Microsoft D365 to offer improved AP automation tools that build upon Microsoft's sturdy foundation.
Nano Net Technologies dba Nanonets has filed a notice of an exempt offering of securities to raise $29,279,129.00 in New Equity Investment. Nano Net Technologies dba Nanonets has filed a notice of an exempt offering of securities to raise $29,279,129.00 in New Equity Investment.According to filings with the U.S. Securities and Exchange Commission, Nano Net Technologies dba Nanonets is raising up to $29,279,129.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Sarthak Jain played a key role in securing the recent investment.About Nano Net Technologies dba NanonetsNanonets enables self-service artificial intelligence by simplifying adoption. Easily build machine learning models with minimal training data or knowledge of machine learning. At Nanonets, we serve up the most accurate models
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About Nanonets
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series B
Total Funding
$40.5M
Headquarters
San Francisco, California
Founded
2017
There are no jobs for Nanonets right now.
Find jobs on Simplify and start your career today