(Saarbrücken / 09.03.2022) – The Saarbrücken-based startup natif.ai was able to attract additional investors in a seed financing round: The round of capital providers is led by Redalpine, a leading European early-stage investor. F-LOG Ventures, a fund specializing in logistics, and serial entrepreneur and business angel Phillipp Rechberg complete the financing round. They join existing pre-seed investors 468 Capital, High-Tech Gründerfonds (HTGF) and Premius, who are also investing in this round. “natif.ai’s founders have identified a huge market opportunity. Documents of all kinds are omnipresent in business communication, and every company will want to automate these processes sooner or later. With its leading AI technology for cognitive data capture, natif.ai is perfectly positioned to meet this need,” says Antonius Salis on the reasons for Redalpine’s investment.
With natif.ai, software developers can use the most advanced AI technology for document processing, tailored to the requirements of their own products, in just a few steps.
natif.ai sets new standards with its globally unique technology. Documents can be processed not only 30-60 times faster, but also with an automation rate that is up to 10 times higher than with conventional technologies. The effort for developers is minimized. A few lines of code are all that is needed to integrate the platform into existing processes via interfaces. The technology is ready for immediate use and also complies with data protection regulations.
Central to this is the self-developed Deep OCR, an automatic and self-learning text recognition system that reads significantly more accurately than other technologies and is also capable of recognizing handwriting.
With the investment sum, natif.ai will expand its team of developers and sales experts – in Saarbrücken as well as remotely – and drive its expansion. “natif.ai will be the new market standard in the field of document processing and text recognition. In doing so, we are not afraid of comparison with companies such as Google or Abbyy. With Redalpine and F-LOG, we have found additional investors who open doors to international markets for us and support us with their networks and know-how to continue to grow strongly,” says co-founder Johannes Korves of natif.ai.
Every month, the platform already processes millions of documents such as letter mail, invoices, receipts or insurance contracts. In the process, relevant key information is extracted, documents are classified and various AI-based process steps are run through via complex workflows. Typical customers include banks, insurance companies, law firms, as well as software providers and tech companies.