Rossum
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 2.8m | 3.3m | 4.7m | 14.0m | 49.5m | 49.5m |
% growth | - | 18 % | 42 % | 198 % | 254 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€30.0k | Seed | ||
$250k | Seed | ||
N/A | Seed | ||
$750k | Seed | ||
$4.5m | Seed | ||
* | $100m | Series A | |
* | N/A | Debt | |
Total Funding | €95.9m |
Recent News about Rossum
EditRossum.ai operates in the B2B communication sector, specializing in automating document processing to eliminate manual paperwork. The company leverages advanced AI technology to capture data from a wide variety of document formats and layouts, significantly reducing the need for human intervention. This service is particularly beneficial for Shared Service Centers (SSCs) and Business Process Outsourcing (BPO) firms, which handle large volumes of documents and can benefit from increased efficiency and reduced costs. Rossum's business model is based on a SaaS (Software as a Service) platform, where clients subscribe to use their AI-driven data extraction tools. The company generates revenue through subscription fees and potentially through additional services like custom integrations and support. Rossum serves a diverse range of clients, including multinational corporations and smaller enterprises, helping them streamline their document processing workflows and focus on more strategic tasks. The market for Rossum's services is growing as more businesses seek to automate repetitive tasks and improve operational efficiency.
Keywords: AI, document automation, B2B communication, data extraction, SaaS, SSC, BPO, efficiency, cost reduction, workflow optimization.