Send AI's software is cloud-based and can be accessed via APIs, with data funnelled from documents sent over email. The company's technology is built on smaller, open source models which the customer trains first by processing a small set of documents by hand. The firm charges on a credit-based basis, with customers paying per processing step. Send AI is currently in private beta mode, but already counts insurance giant Axa among its customers.
Key takeaways:
- Send AI, a Dutch startup, has secured funding from Google’s Gradient Ventures to develop a customizable platform that allows companies to fine-tune AI models for their own individual data-extraction needs.
- The platform is designed to process complex documents, including non-standard “unstructured” data types, and can be trained to recognize specific documents and extract and validate relevant data.
- Send AI has raised a further €2.2 million ($2.4 million) in a pre-seed round of funding co-led by Google’s Gradient Ventures and Keen Venture Partners, with participation from a number of angels stemming from companies such as DeepMind.
- The company claims its technology will appeal to highly-regulated industries due to the control it gives to customers over their data, using isolated models to pinpoint exactly where the data lives and delete it on request.