Nanonets
Problem: Unstructured documents block automation. Solution: AI reads all formats, learns from examples, and structures data. Result: up to ~90% time savings.
nanonets.com/ ↗Nanonets is an AI-powered platform for automated document processing that transforms unstructured data from invoices, receipts, and forms into structured formats. Founded in 2017 and headquartered in San Francisco, the company leverages advanced OCR technology and machine learning to reduce manual data entry by up to 90%. With $29 million in Series B funding in 2024 and the introduction of open-source models like Nanonets-OCR2, the tool is positioning itself as a leading solution for businesses looking to automate complex workflows and achieve a rapid ROI (an average of 3.5x return in 6 months).
At a glance
- Industry
- Software Development
- Competitors
- ABBYYUiPathRossum
- Customers
- Suzano International, VFS Global, StarTex Software
- Employees
- 283
- Followers
- 87,269
News & updates
Nanonets has been recognized as a leader in the OCR market by G2, earning 12 badges for their performance, customer satisfaction, and innovative solutions, reinforcing their position in the industry.
Company
Trusted by 35% of Fortune 500 companies, Nanonets is an AI-driven solution that automates document processing and data extraction workflows. Leveraging advanced Optical Character Recognition (OCR) and deep learning models, Nanonets helps companies automate document-heavy business processes like accounts payable, order processing, and insurance underwriting. Nanonets processes unstructured documents such as invoices, receipts, purchase orders, contracts, claims, and forms and converts them into structured output. By integrating with your existing systems via APIs, Nanonets can reduce manual effort by up to 90%, delivering industry-leading accuracy, speed, and cost savings of up to 50%. Nanonets scales from small to enterprise-grade document automation, providing an intuitive and highly customizable platform that streamlines business workflows. The world's leading companies and enterprises, such as Deloitte, EY, Roche, Sherwin Williams, Divvy, Asian Paints, Ascend, Reliance General Insurance, VFS Global, and CKE Restaurants, use Nanonets' platform to automate document processing.
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