[ Ripcord raises $9.5M in Series A ]

Ripcord has raised $9.5 million in Series A funding.

Founded in 2015, Ripcord is a  new “robotic digitization” company.Ripcord has machines that can scan, index, and categorize paper records to make them searchable through companies’ existing systems, via the cloud.

The company claims its process is 10-times faster than human-based scanning, with plans to digitize around 2.5 million files a day at its Hayward local. That number will apparently jump to 50 million a day by the end of 2018. One a file is digitized, it’s shredded and the copy is stored on AWS, with access fees for files amounting to $0.004 a page.

Funding  Series A
Founded  2015
Country  USA
City  Hayward, California
Founder / CEO  Alex Fielding
Deal Size  $9.5M
Investors  Legend Star
 Lux Capital
 Steve Wozniak
 Kleiner Perkins Caufield & Byers
Previous Investors  /

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