AI-powered document processing platform Zuva raises $20M

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Zuva, an AI-powered document processing platform, today announced that it closed a $20 million series A funding round led by New York-based Insight Partners. The company says that the capital, which is Zuva's first raise, will be put toward hiring, product, sales, and marketing development as well as R&D for current and future products. According to one source, over seven billion documents are created each year -- and 15 trillion copies are made. This leads to inefficiencies in processes across internal departments, particularly in light of pandemic-related remote and hybrid work challenges.