Winterthur-based AI start-up wins VI Partners as a new investor and receives 2.5 million francs for the further development of the product and the advancement of the company.
WINTERTHUR, Switzerland, Oct. 14, 2021 / PRNewswire / – Acodis, a Forbes-listed top AI startup in the DACH region, announced today that VI Partners will join the company as a new investor. The company has thus received an additional CHF 2.5 million from VI Partners and existing investors. The start-up will use the new funds to further develop its product, customer success and sales channels. The company’s recent G2 awards have identified the company as a high performer in the AI data extraction market and show promising growth in line with these new resources.
Successful year for Acodis so far
Martin Keller, CEO and Co-Founder of Acodis, explains: “Despite all the challenges, 2021 was a great year for Acodis. We have successfully acquired new major customers and have been recognized by Forbes and G2. Thanks to our new investor who has a strong business network and in-depth expertise in the field With technology, we can accelerate the path to our goal of turning documents into value. ”
Benefits for everyone involved
Joe Neale, Tech Partner at VI Partners, comments: “The market for Intelligent Document Processing (IDP) explodes. We are delighted to be working with Acodis, who are pioneers in this area with their machine learning technology. VI investors include large industrial companies who want to build a mutually beneficial relationship with Acodis. We firmly believe that the exceptional and passionate team at Acodis promises a bright future for customers who want to automate ineffective processes. ”
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Acodis has been dedicated to automating business documents since it was founded in 2016. Acodis, supported by machine learning, enables the automated processing of any document within a few seconds. This replaces manual document transfers and the extracted data can be exported in a structured format. Acodis currently employs 25 people and is based in Winterthur, Switzerland.
About VI Partners
VI Partners is the most traditional Swiss VC company. VI Partners has supported innovative technology and healthcare companies for more than 20 years and has over CHF 250 Million invested in 55 companies. VI Partners initially advised the Venture Incubator Fund, an investment vehicle founded by ten Swiss blue-chip companies, and recently founded the VI Partners Swiss Innovation Fund.
More information at: www.vipartners.ch
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