Applica, a Warsaw, Poland, and London, UK-based enterprise software company and a developer of a AI-based Robotic Text Automation platform, raised a Series A funding round of undisclosed amount.
The round was led by Cogito Capital Partners, with participation from Barclays, which has been an early supporter of Applica through the Barclays Accelerator, powered by Techstars (2018 New York cohort).
The company intends to use the funds to accelerate global expansion, building out key go-to-market partnerships, with particular focus on the US market.
Led by Piotr Surma, CEO, Applica is a provider of AI-based Robotic Text Automation solutions for enterprises. The company automates human work that requires text comprehension by extracting information from unstructured and semi-structured documents and making related decisions. Applica’s proprietary, brain-inspired Contextual Awareness technology is domain- and language-agnostic and can be deployed and used by non-experts. The company’s Robotic Text Automation platform is used by banks, global media companies, and law firms to automate processes that require text comprehension.