AI-powered document processing platform Mindee lands $14M

The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Document processing automation startup Mindee today emerged from stealth with $14 million in series A funding led by GGV Capital, with participation from Alven, Serena Capital, and Bpifrance through its Digital Venture fund. The company plans to use the funding to expand its presence in the U.S. and Europe and further develop its machine learning and platform technologies. Despite the growing move toward digital transformation, HR professionals, accountants, government employees, and clerks take hours to manually enter information into their systems. Surveys show that employees spend somewhere around 150 hours a year searching for files in cabinets and 30% to 40% of their time looking for lost or misplaced paper.