Staple develops cognitive AI to read, interpret, and extract structured data from documents at scale, regardless of layout or language. Using deep learning, they automate document workflows to help businesses save time and money, and reduce errors.
Problem
- Inefficiencies in document processing: Manual document processing leads to significant inefficiencies and higher operational costs, with businesses losing $10,000 per employee annually and $2.5 trillion in productivity globally.
- Error-prone processes: Human errors in manual document processing can result in misinformation, compromised compliance, and risks such as damaged business relationships.
- Limitations of existing solutions: Current automated solutions struggle to manage unstructured data effectively, with only 20% of such data processed automatically.
Solution
- Consistent results across multiple inputs: Staple offers a unified solution that handles various formats, languages, and layouts, eliminating multiple vendor complexities and ensuring consistent results across documents in 35+ countries and 190+ languages.
- Advanced AI capabilities: They use deep learning algorithms to accurately interpret and extract structured data from complex documents, surpassing traditional OCR with features like 10-way reconciliation and LLM enhancements.
- Secure tech stack: Their self-contained tech stack ensures security and privacy, making Staple a reliable choice for enterprises with stringent data protection and cybersecurity requirements.
Media Links
Type
Focus Area
Enterprise and Sustainability
Capital Raised (US$)
1M to 5M
Operational HQ
Singapore
SECTOR
AI, Big Data & Analytics, and SaaS
status
Current
founders
Josh Kettlewell,Ben Stein
partnered
2024
exited
You may be interested in...
