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Invofox
AddedMar 22, 2024
UpdatedJul 3, 2026
Invofox

Invofox

Seed

Invofox: AI-driven invoice and document data extraction for software firms.

HQ
Madrid, Community of Madrid, ES
Founded
2015
Accelerator
Y Combinator logoY CombinatorS22
Overview
Compare
Fundraising
Employees
Website

Founded with the mission to streamline and automate data extraction processes, Invofox focuses on providing AI-driven solutions for software companies. Their core vision is to eliminate manual data entry by leveraging advanced machine learning algorithms to extract data from invoices and other documents. This enables their clients to automate tasks such as payments and accounting, significantly reducing the need for human intervention. Invofox's main product is an AI-based document processing interface that can be seamlessly integrated into existing software systems, catering primarily to the needs of software firms.

Invofox has attracted attention from notable investors in the tech industry, although specific names are not disclosed. The company has achieved significant milestones, including successful integrations with various software platforms and positive feedback from clients who have experienced increased efficiency and reduced operational costs. Invofox's impact lies in its ability to scale businesses effortlessly by automating tedious data extraction tasks, thereby allowing companies to focus on more strategic activities.

Invofox - Similar Companies

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Invofox - Quick Facts

Who are Invofox's competitors?

Companies similar to Invofox include Veryfi, Inc., Mindee, Docsumo and Handl.

When was Invofox founded?

Invofox was founded in 2015.

Where is Invofox's headquarters located?

Invofox's headquarters is located in Madrid, Community of Madrid, ES.

When was Invofox's last funding round?

Invofox's most recent funding round was for $500k (USD) in August 2022.

How much has Invofox raised to-date?

As of Aug 22, 2022, Invofox has raised a total of $500k (USD).

How many employees does Invofox have?

Invofox has 30 employees as of Feb 24, 2024.

Invofox - Classification

Ownership
  • Venture Capital
Technology
  • AI
  • Machine Learning
Geographic Exposure
  • Global
Revenue
  • Recurring
  • Software
Customer
  • Enterprise
Main Product
  • Data Extraction
Tags
  • Data Information
  • Fintech
  • SaaS
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7372Prepackaged Software
Show 17 more industry codes
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 541000Professional, Scientific, and Technical Services
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 6000Depository Institutions
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 8740Management And Public Relations Services
  • 6282Investment Advice
  • 7371Computer Programming Services
  • 8742Management Consulting Services