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Extend Funded $17M to Develop AI Document Automation Cloud
- Extend, an NYC-based operator of AI extension document tools, secured $17 million in funding led by Innovation Endeavors with participation from Y Combinator and others.
- The company aims to streamline workflows, automate ticket processes, and enhance website customization without needing a specialized administrator.
- Extend offers a document processing cloud with advanced parsing, extraction, orchestration, and human-in-the-loop tools, boasting 95%+ accuracy and is cash-flow positive.
- Their funding round will support further development to unlock the potential of unstructured documents for ambitious teams, according to CEO Kushal Byatnal.
- Major client testimonials from companies like Brex highlight Extend's superior performance, rapid time-to-production, and innovative features.
- New features introduced include Sandbox Mode for immediate document testing and Automated Config Generation to streamline schema setup.
- Extend caters to diverse industries with clients like Brex, Square, Checkr, and Fortune 500 companies, managing millions of documents daily with high accuracy.
- As a pioneer in the document processing cloud space, Extend's AI-driven platform positions it well for the growing market demand in data transformation and digital enterprise evolution.
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