Captricity, Inc.

Captricity, Inc. provides cutting-edge document automation solutions, allowing businesses to convert handwritten and low-quality printed documents into actionable data with high accuracy. Their technology enhances operational efficiency across various industries. Founded in 2011 and headquartered in Oakland, US, Captricity, Inc.

specializes in document processing automation. In March 2020, the company signed a definitive agreement for acquisition by SS&C Technologies Inc. for an undisclosed amount. The CEO, Nowell Outlaw, has a background that includes founding other tech ventures.

Captricity has raised a total of USD 35. 00 mn, with their latest funding round being Series C led by White Mountains Insurance Group, involving investors such as Accomplice and Social Capital. This was the only funding round recorded, bringing the total amount raised to USD 35. 00 mn and achieving a current company valuation of USD 125.

05 mn. Captricity, Inc. specializes in Document Automation, transforming handwritten and low-quality machine print documents into decision-ready information. Utilizing machine learning, computer vision, and artificial intelligence, their solution automates data extraction, classification, and validation across various document types, serving industries such as insurance, finance, healthcare, and logistics, and is available in North America, Europe, and Asia-Pacific.

The revenue model of Captricity, Inc. is grounded in subscription services and partnerships, facilitating the deployment of their Document Automation solutions. Clients engage in B2B transactions, subscribing for varying contract periods to access a suite of automation tools that streamline document processing. The company implements tiered pricing plans tailored to different business needs, enhancing workflow productivity and accuracy, particularly through the integration of their AI-powered READ engine.

Captricity, Inc. plans to leverage its recent acquisition to enhance its technology offerings and expand into new geographic markets. The company is focusing on developing new products aimed at improving document automation capabilities, with anticipated releases in the coming year. With the recent funding from the Series C round, Captricity will invest in expanding its market presence in Europe and Asia-Pacific by the end of 2021, aiming to enhance service delivery and operational efficiency for a broader clientele.