- March 28, 2017
- Posted by:
- Category: FundingSMEs.com
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.
|Founder / CEO||Alex Fielding|
|Kleiner Perkins Caufield & Byers|