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Overview
Parashift offers an Intelligent Document Processing platform that automates how enterprises handle documents and extract data. It uses proprietary AI and LLMs to classify documents, pull out structured data, and connect with existing business apps, enabling tasks like invoice processing, digital mailrooms, and data extraction from contracts. Its API-focused approach lets large organizations embed document processing directly into their own systems, across industries such as logistics, insurance, and real estate. The goal is to reduce manual work, speed up workflows, and provide scalable, API-driven document automation for enterprise customers.
About Parashift
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$5.7M
Headquarters
Sissach, Switzerland
Founded
2018
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Simplify's Take
What believers are saying
- SWICA's 2025 mailroom automation validates production usage with a major insurer.
- March 2026 Everest insurance ranking strengthens sales credibility in regulated workflows.
- CONVOTIS joint projects were already in implementation by April 2026, signaling pipeline conversion.
What critics are saying
- Everest ranked Parashift only Aspirant in general IDP products on March 25, 2026.
- 2019 funding is the last disclosed round; growth capital remains opaque.
- Hyperscalers and enterprise suites can bundle IDP, compressing Parashift's standalone pricing power.
What makes Parashift unique
- Document Swarm Learning and LLM clusters target compliant European IDP deployments.
- March 2026 Everest named Parashift the only European insurance-specific IDP provider.
- CONVOTIS partnership positions Parashift inside sovereign AI enterprise document-management rollouts.
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Funding
Total Funding
$5.7M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 0%2 year growth
↑ 3%Parashift AG implemented a new email attachment import feature, enhancing the platform's versatility and user convenience.
Parashift AG will also introduce you with its Parashift Platform, a solution that can help you integrate IDP into your existing software with ease and flexibility.
Parashift, a provider of machine learning-based document classification and data extraction software, announces a partnership with Faigle.
Join Parashift AG in a special IDP podcast featuring Thilo Rossa, the Chief Product Officer of Parashift, and Peter Weber, Business Consultant in Information Management at Simplyfile.
M-Files can also integrate with Parashift, a deep-tech company that specializes in ML document retrieval, so you can accelerate and simplify your document management processes further.
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About Parashift
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Seed
Total Funding
$5.7M
Headquarters
Sissach, Switzerland
Founded
2018
There are no jobs for Parashift right now.
Find jobs on Simplify and start your career today