Intelligent content platform Doculayer.ai secures €3m in growth capital from InnovationQuarter among others
Doculayer.ai, the intelligent content platform that processes and manages unstructured information, has secured €3 million in growth capital. The investment by InnovationQuarter, Disruptive Technology Ventures (DTV) and an angel investor was announced by Deputy Mayor Saskia Bruines at a side event of the Global Entrepreneurship Summit (GES) 2019.
Richard Smit, CEO of Doculayer.ai says, “We are extremely proud that these investors believe in our solution and vision and are supporting us in our ambition to grow and further develop the platform. More than 80 per cent of the information held by organisations is unstructured. Using AI-powered technologies, Doculayer.ai helps them automate the processing and structuring of this vast amount of unstructured data and uncover its hidden value.”
Innovative artificial intelligence
Doculayer.ai is the intelligent content platform that processes and manages unstructured information, such as scanned documents and images, using innovative artificial intelligence (AI) and machine learning technologies. In doing so, the platform can automatically analyse, enhance, enrich and improve the findability of large quantities of data.
The Doculayer.ai platform integrates seamlessly with business applications and processes in the current IT landscape, which means it can process unstructured content in existing systems. This enables the company to respond to the explosive growth of information and the actions required to store data in the correct manner, compliant with privacy legislation (GDPR).
Dutch Ministry of Justice and Security and KPN
Numerous organisations already use the platform. For instance, in partnership with the Justitiële Informatiedienst (Judicial Information Service), Doculayer.ai takes care of improving and enriching millions of documents. The automated allocation of metadata ensures the documents are digitally archived and secured in the correct way and in compliance with the Dutch Archives Act.
Doculayer.ai is also used by KPN for the intelligent processing of customer contracts. Using AI, contract documents are classified based on their contents and assigned with metadata, after which they are structured into files in a fully automated way.
The investment will enable Doculayer.ai to strengthen and expand its teams in the areas of R&D, product development, sales, marketing and customer support. Daan Nollen, partner at Disruptive Technology Ventures says, “The amount of unstructured information is growing exponentially. Doculayer.ai provides a disruptive solution to access and process this information using AI. The customer base already successfully using Doculayer.ai is impressive and we see great potential for the platform to become the international market leader in intelligent content management.”
According to Francis Quint, head of InnovationQuarter Capital, Doculayer.ai has become a strong asset to the West Holland security network within a short space of time: “Using AI, Doculayer.ai generates files that are always up to date, which means that organisations automatically comply with the latest privacy legislation. We believe Doculayer.ai is an innovative, disruptive company that will bolster the regional security cluster with a powerful privacy solution. Thanks to the implementation of interactive learning AI, the innovative platform will, we expect, make a substantial contribution to the robotisation of content management. With this investment, Doculayer.ai will be able to accelerate its international expansion.”