Docsumo
Docsumo is an AI-powered intelligent document processing platform specializing in data extraction from unstructured documents for financial services, insurance, real estate, and accounting industries.
Overview
Docsumo, founded in 2019 by Bikram Dahal and Rushabh Sheth, provides cloud-based document automation software that extracts, validates, and processes data from unstructured documents. Based in Mumbai, India with additional offices in Kathmandu, Nepal, the company serves over 10,000 businesses across financial services, insurance, real estate, healthcare, and accounting sectors.
The platform raised $3.72 million in funding, including a $3.5 million seed round in 2022 led by Common Ocean with participation from Fifth Wall, Arbor Realty Trust, and Better Capital. Docsumo offers pre-trained models for common document types including invoices, bank statements, tax forms, and ID documents, alongside custom model training for specific use cases.
Key Features
- OCR Technology: Text recognition supporting PDF, PNG, JPG, Excel, TIFF, and TXT formats
- Document Classification: Automatic categorization by document type without manual sorting
- Data Extraction: Field-level information capture from structured and unstructured documents
- Human-in-the-Loop Verification: Review interface for confirming or correcting extracted data
- Custom Model Training: Trainable extraction models for organization-specific document formats
- API Integration: RESTful API for connecting with ERP, CRM, and accounting systems
- Multi-Channel Capture: Document intake via email, API, cloud drives, and direct upload
- Workflow Automation: Configurable processing pipelines and approval routing
- Pre-Trained Models: Ready-to-use extraction for invoices, receipts, bank statements, tax forms, IDs
Use Cases
Invoice Processing Automation
Finance teams upload supplier invoices through email, API, or manual upload. Docsumo extracts vendor details, invoice numbers, dates, line items, tax amounts, and payment terms regardless of format variations. The system validates data against purchase orders and routes documents through approval workflows before exporting to accounting systems.
Loan Document Processing
Mortgage lenders process application forms, income verification, bank statements, tax returns, and property appraisals through Docsumo's platform. The system extracts borrower information, financial data, and property details, consolidating information from multiple document types into structured applicant profiles for underwriting evaluation.
Insurance Claims Processing
Insurance carriers automate claim form processing by extracting policyholder information, incident details, damage assessments, and supporting documentation. The platform links extracted data to policy records, validates coverage details, and routes claims to adjusters with complete structured information for settlement decisions.
Technical Specifications
| Feature | Specification |
|---|---|
| Deployment | Cloud-based SaaS |
| Extraction Accuracy | 95%+ (claimed) |
| Automation Rate | 90%+ touchless processing (claimed) |
| Supported Formats | PDF, PNG, JPG, Excel, TIFF, TXT, emails |
| Processing Speed | Documents processed in minutes |
| API | RESTful API with webhooks |
| Integrations | Pre-built connectors for major platforms |
| Security | SOC 2 Type 2, GDPR, HIPAA compliant |
| Authentication | SSO (SAML 2.0, OAuth 2.0) |
| Languages | Multiple language support |
| Output Formats | Structured data in various formats |
| Free Trial | 14 days |
Getting Started
- Account Setup: Sign up for 14-day free trial
- Document Upload: Submit sample documents for testing
- Model Selection: Choose pre-trained or custom extraction models
- Workflow Configuration: Set up validation rules and approval routing
- Integration: Connect with business systems via API
Resources
Company Information
Headquarters: Mumbai, India
Founded: 2019
Founders: Bikram Dahal (CTO), Rushabh Sheth (CEO)
Offices: Mumbai (India), Kathmandu (Nepal)
Funding: $3.72 million ($3.5M seed round 2022, Common Ocean lead)
Investors: Common Ocean, Fifth Wall, Arbor Realty Trust, Better Capital, TechStars, Barclays
Customers: 10,000+ businesses
Phone: +1 (929) 822-4166
Email: sales@docsumo.com
