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Google’s Gradient backs Send AI to help enterprises extract data from complex documents
Backed by Google's Gradient, Send AI offers a customizable document processing platform that uses AI for data extraction.
For instance, a company operating in a highly regulated industry such as insurance will likely have to process myriad formats, from PDFs and paper files to smartphone photos snapped with all manner of orientations and background “noise.” Such non-standard “unstructured” data types can be tricky enough for humans to parse, but an entirely machine-led approach can lead to erroneous claim rejections or reimbursements and administrative headaches down the line. Founded out of Amsterdam in 2021 initially as Autopilot, Send AI previously raised a small $100,000 investment from a university graduate alumni fund, but as it starts to ramp things up, it has now 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. But while Trentelman concedes that such products work great for situations that require a “subjectively good” score such as summarization or answering questions, where a high-degree of accuracy is needed across large document volumes, it’s a different story.
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