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Ocrolus, the only automation platform that can analyze financial documents with over 99% accuracy, raised $24m led by Oak HC/FT and FinTech Collective. Ocrolus, HQ'd in New York, delivers an elegant blend of artificial intelligence and crowdsourced human quality control to firms across the financial sectors enabling them to automate high-stakes business processes with precision. We could not be more chuffed to have partnered with Sam and his amazing team!
“Sometimes humans are better than robots,” said Bobley, who added that Ocrolus has quintupled in size since April 2018 and now counts hundreds of financial services companies among its customer base. “We combine machine processes with live human intelligence to provide customers with a complete solution. The capital will be used to develop workflows for new document types and sharpen our fraud detection and analytical capabilities.” “Ocrolus is a unique company providing a rare combination of smart automation, analytics, and accuracy in its solution,” said Oak HC/FT venture partner Dan Petrozzo. “By combining its tremendous technology with an added human touch where required, the platform delivers amazing results for its customers.”
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