The paperless office is becoming more and more the standard, already today many documents are delivered only in electronic form – but in different file formats. The Saarbrücken start-up Natif.ai provides an intelligent solution for the analysis and processing of such documents. A concept that has convinced the High-Tech Gründerfonds from Bonn. The fund provides the start-up with fresh money. This article is based on the unique List of the 200 most important venture capital investors in Germany.
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- Article based on the database of the 200 most important Venture Capital Fonds in Germany
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Saarbrücken start-up teaches computers how to read
Natif.ai has developed a self-learning procedure to analyse documents and automatically merge all relevant data. Text files, pdf documents or scanned images can be checked extremely quickly. The relevant data is read out and merged for further processing. For example, it is possible to process invoices that are available in different formats using conventional accounting software. The Natif.ai application provides the necessary preparatory work for this. Manual data capture and transmission is no longer necessary. This means an enormous simplification of the process.
Natif.ai is a spin-off from the German Research Institute for Artificial Intelligence (DFKI) that was only founded in 2019. The Bonn-based High-Tech Gründerfonds has now made a seven-digit sum available for the further development of the intelligent application. The fund is almost a venture capital institution in Germany. It was already founded in 2005. The initiators were the Federal Ministry of Economics and the federally owned Kreditanstalt für Wiederaufbau (KfW). However, the founding members also included several well-known German commercial enterprises. The fund volume currently amounts to approx. 900 million euros. Since its foundation, the fund has already realised almost 600 investments in technology-oriented start-ups and around 120 exits. The High-Tech Gründerfonds is supported by a total of 35 institutions and companies.
Source: Deutsche Startups Picture source: Unsplash
