Business Name:
Business Description:
Parashift built a software with artificial intelligence to handle documents. Unlike its competitors, Parashift offers 100% correct extraction of data from paper documents. Further, they shifting paradigms how documents are handled in future. After 2 years of science basic research with PhD in mathematics, Engineers etc. they launched this year their platform.
Long Business Description:

Today, many companies are still processing most of their daily document inflow manually. This is not only very time consuming and expensive, but not necessary any-more.
Parashift provides companies sophisticated solutions based on machine learning technologies for their individual needs. Empowered by these technologies, companies benefit from time and cost reduction by up to 80% related to document management processes.
In the process of getting product-market fit, Parashift has built a proprietary artificial intelligence data extraction engine that enables customers to send random, unprepared receipts and invoices to a developed platform which then undergoes a quality enhancement before the engine makes document classifications and full data extractions with implemented confidence checks. Customers then have the optionality to do either a self-validation process on low confidence documents or make us of Parashift’s offer to validate GDPR compliant results, using a combination of technological and human measures.

Based in:
Sissach, Switzerland
saas, IT, artificial intelligence, software, documents
💡 You’re a corporate or investor and looking for startups that are innovating in the same market as Parashift? We’re happy to assist you with our Startup Sourcing service.