Switzerland-Based Acodis Closes CHF 6 million Series A Funding Round to Transform Document Processing for Pharma and Health
Winterthur, January 23, 2023
The Swiss AI start-up Acodis closed a CHF 6m financing round from existing and new investors.
Acodis, the leading Intelligent Document Processing (IDP) platform, raised CHF 6 million in a Series A funding round led by Hi Inov and VI Partners. The new funds will be used to further expand Acodis’ position as the leading Document Processing Platform for the Pharma and Health sector.
“The financing is a clear sign of Acodis’ market relevance and the value we provide to our customers,” said Acodis CEO Martin Keller. “We note an accelerating demand from enterprises to unlock unstructured data from documents for business process automation and for enabling data analytics initiatives.”
Olivier Laplace, Managing Partner at VI Partners, adds: “As part of their digital transformation efforts, corporate players need to streamline their document intensive processes and unlock valuable information trapped inside documents. The market is gigantic. We have been excited by Acodis’ user-centric approach in building a platform for data extraction that enables companies to process complex and non-standard documents at speed and at scale. We strongly believe that Acodis will become the leader in the Pharma and Health industry.”
Wolfgang Krause, Managing Partner at Hi Inov underlines: “Intelligent processing of complex documents is a fast-growing market. We are pleased to have found with Acodis a cutting-edge technology and an outstanding team with the potential to emerge as the leader in this space.”
Acodis’ mission is to help businesses making better use of unstructured data from documents (PDF, word, scans, etc.). Its no-code platform allows business users to set up and customize AI and ML models for any document type and in any language. The SaaS solution is trusted by the largest Pharma companies in the world that face ever-increasing regulatory, risk and compliance requirements.
In the last twelve months, Acodis reached significant milestones including:
- Winning and on-boarding 3 of the 10 largest pharma companies to automate document processing at scale.
- Launching a no-code platform for advanced document analysis and document structure extraction.
- Achieving multiple awards as High Performer, Best Support and Easiest to do Business With.
Acodis is the leading Intelligent Document Processing (IDP) platform for large companies in Pharma and Health. Powered by machine learning and AI, Acodis enables automated processing of any document within seconds. Acodis is based in Winterthur, Switzerland, and currently employs 25 people.
Contact: Martin Keller – firstname.lastname@example.org
About VI Partners
VI Partners is the longest-established Swiss Venture Capital firm. For more than 20 years, VI Partners has been supporting innovative Technology and Healthcare companies, investing over CHF 330m in 65 startups. VI Partners-managed funds are backed by Switzerland’s most visible companies and institutions, including ETH Zurich, ABB, Buhler, Credit Suisse, Hilti, McKinsey, Nestlé, Schindler, Sulzer, Suva and ZKB as well as the European Investment Fund and many other institutional investors.
For more information, visit: www.vipartners.ch
Contact: Olivier Laplace – email@example.com