Ocrolus

Ocrolus is a technology company based in New York, founded in 2014. It specializes in AI-driven document automation, primarily for the financial technology sector. The company enhances the efficiency and accuracy of document analysis for lenders, helping them manage risk and prevent fraud. Ocrolus offers a range of services focused on automating document processing. Its AI-based software automates document analysis, ensuring high accuracy in classification and data extraction through machine learning and human validation. The technology can extract and structure data from various document types, achieving over 99% accuracy. Additionally, Ocrolus provides advanced fraud detection capabilities and deep cash-flow analytics, allowing lenders to better assess financial situations. The company serves various sectors, including small business lending, mortgage, consumer finance, and multifamily housing. Its solutions are utilized by banks, fintechs, mortgage lenders, accountants, auditors, and professional services. Ocrolus has raised $136.91 million in funding, with notable investors including QED Investors and Fin Capital.