Full-Time
Future Career Opportunities
Posted on 10/23/2024
Ripcord
51-200 employees
Data extraction and digitization services
Entry, Junior, Mid
Hayward, CA, USA
This is a general posting for future career opportunities.
- No specific requirements listed, but a sense of purpose and the freedom to innovate and take risks are encouraged.
- No specific responsibilities listed, but the company values diverse ideas and out-of-the-box thinking to bring the best out of their people and the most value to customers.
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. By converting paper documents into high-quality digital files, Ripcord ensures that the integrity of the documents is maintained while providing a secure chain of custody. This service is particularly valuable for industries like oil, where quick data extraction can enhance operations and decision-making. Ripcord's business model focuses on offering these data extraction and digitization services, generating revenue by charging clients for the efficiency and time savings they gain. The company's goal is to help organizations work more efficiently, make informed decisions, and automate processes using accurate data.
Company Stage
Series B
Total Funding
$166.9M
Headquarters
Hayward, California
Founded
2015
6 month growth
↓ -1%1 year growth
↓ -11%2 year growth
↑ 0%
Simplify's Take
What believers are saying
- The $32M in new funding positions Ripcord for significant growth and innovation in the data management market.
- Strategic partnerships, such as the joint venture with Fuji Xerox, expand Ripcord's reach into the APAC region, opening new market opportunities.
- Recognition by the AI Breakthrough Awards underscores Ripcord's leadership in robotic process automation and AI-based digitization.
What critics are saying
- The competitive landscape in data management and digitization is intense, requiring continuous innovation to stay ahead.
- Integration challenges from acquisitions like LearningPal could pose risks to operational efficiency and technological alignment.
What makes Ripcord unique
- Ripcord leverages robotics and AI to digitize both paper and digital documents, setting it apart from traditional data management solutions.
- The company's focus on maintaining document integrity and secure chain of custody provides a unique value proposition in industries handling sensitive information.
- Ripcord's recent acquisition of LearningPal enhances its capabilities in machine learning-native OCR and document understanding, further differentiating it from competitors.
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Benefits
100% of healthcare premiums
Generous parental leave
Catered lunch daily
Great vision & dental insurance
Comprehensive leave policy
Commuting benefits
Dog-friendly office!
Stock options