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About Ripcord
Industries
Data & Analytics
Robotics & Automation
Enterprise Software
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$143.9M
Headquarters
Hayward, California
Founded
2015
Overview
Ripcord specializes in data management by using robotics and artificial intelligence to extract and digitize information from both paper and digital documents. This technology allows businesses to access their data, which may be trapped in various document formats, whether structured or unstructured. Clients from diverse industries, including oil companies, benefit from Ripcord's ability to quickly extract and reconcile data, enhancing their operational efficiency and decision-making processes. The company provides a service that transforms paper documents into high-quality digital files while ensuring the integrity and security of the documents throughout the process. This enables organizations to work more efficiently and automate their workflows using accurate data. Ripcord generates revenue by charging clients for its data extraction and digitization services, offering a clear value proposition where the time and efficiency gained outweigh the service costs.
Simplify's Take
What believers are saying
- Ripcord's $32M funding round supports growth and innovation in new product development.
- The acquisition of LearningPal boosts Ripcord's OCR and Document Understanding capabilities.
- Joint venture with Fuji Xerox expands Ripcord's market reach in the APAC region.
What critics are saying
- Emerging startups in AI-driven document management threaten Ripcord's market share.
- Continuous R&D investment is needed to keep up with rapid technological advancements.
- Data privacy concerns may arise as Ripcord expands services in regions with strict laws.
What makes Ripcord unique
- Ripcord uses robotics and AI for efficient data extraction and digitization.
- The company offers Document Intelligence as a Service(TM) for public sector digital transformation.
- Ripcord's strategic partnership with Palantir enhances its AI-driven data analytics capabilities.
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Funding
Total Funding
$143.9M
Above
Industry Average
Funded Over
3 Rounds
Kleiner PerkinsBenefits
100% of healthcare premiums
Generous parental leave
Catered lunch daily
Great vision & dental insurance
Comprehensive leave policy
Commuting benefits
Dog-friendly office!
Stock options
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 0%2 year growth
↑ 1%By combining Ripcord's cutting-edge robotic digitization technology with Palantir's Artificial Intelligence Platform (AIP), organizations can seamlessly turn their paper and digital documents into data that can be used to drive actionable insights, inform sharper decisions, and train AI models.
富士フイルムビジネスイノベーション株式会社のプレスリリース（2024年10月2日 11時00分）富士フイルムRIPCORDを100％子会社化
Ripcord closes $32M in new funding, fueling next phase of growth and innovation.
How Ripcord is partnering with public sector agencies to remove friction from digital transformation with Document Intelligence as a Service(TM)
Ripcord also earned a number of awards nominations: Album of the Year at both the ACM and CMA Awards, Best Country Album at the Grammy Awards and Top Country Album at the Billboard Music Awards.
There are no jobs for Ripcord right now.
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About Ripcord
Industries
Data & Analytics
Robotics & Automation
Enterprise Software
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$143.9M
Headquarters
Hayward, California
Founded
2015
There are no jobs for Ripcord right now.
Find jobs on Simplify and start your career today