New York based Ocrolus, a document automation platform for fintechs and banks, has raised $80 million in Series C funding led by Fin Venture Capital, valuing the startup at over $500 million and bringing in total amount of funds raised by the fintech to ~$127 million since inception. The round also witnessed participation from new and existing investors including Thomvest Ventures, Mubadala Ventures, Oak HC/FT, FinTech Collective, QED Investors, Bullpen Capital, ValueStream Ventures, Laconia, RiverPark Ventures, Stage 2 Capital and Cross River Bank.
Founded in 2014 by John Guerci, Peter Bobley, Sam Bobley and Victoria Meakin, Ocrolus uses a combination of technologies, including Human-in-the-Loop (HITL) component, OCR (optical character recognition), machine learning/AI and big data to analyze documents for the financial services industry.
