PARASHIFT - Intelligent Document Processing (IDP)

Parashift is an Intelligent Document Processing platform that caters to large corporations, enabling them to streamline their document processes by setting up, classifying, and extracting business documents from various operations. The platform's unique offering lies in its Document Swarm Learning technology, which forms the world's most extensive document data network, enhancing AI training across use cases and customers. With over 4,000 out-of-the-box solutions spanning industries such as FSI, logistics, and real estate, Parashift simplifies data extraction without the need for configuration or training, significantly reducing time-to-solution to mere hours. Established in 2016, the Switzerland-based deep-tech company has garnered recognition, including being named among the 30 most promising AI startups in Europe by Forbes in 2019. The company's recent Convertible Note investment in August 2022, with Basellandschaftliche Kantonalbank as the investor, underscores its continued growth and innovation in the realm of intelligent document processing. With a dedicated team of over 50 employees specializing in Machine Learning, Development, and Business Development, Parashift is poised to further solidify its position as a pioneering force in the field of AI-driven document processing.