Natif.ai, a Saarbrücken, Germany-based Deep-Tech startup in the field of intelligent document process automation (IDP), raised seven-figure funding from 468 Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to further develop its technology with the help of various models based on artificial intelligence (AI), add financial and contract documents as well as insurance policies to its product portfolio within 2021.
Led by Johannes Korves, co-founder, Natif.ai is a deep-tech startup in the field of intelligent document process automation (IDP). Thanks to high-performance AI models and a self-developed Deep-OCR, a wide variety of documents can be analyzed extremely quick, accurate and relevant data is extracted.
Natif.ai was founded by a German-French team and is an official spin-off of the German Research Institute for Artificial Intelligence (DFKI).