How Rossum is using deep learning to extract data from any document
Paul Sawers
Today Rossum announced that it has raised $4.5 million since its inception — including $1 million in preseed funding to develop a minimal viable product between 2017 and 2018 and a $3 million seed round that closed last month. The funding round was co-led by U.K.-based seedinvestors LocalGlobe and Seedcamp, with participation from some notable angel investors, including Flexport CEO and founder Ryan Petersen, and Elad Gil, who sold his startup Mixer Labs to Twitter in 2009 before becoming an investor in Airbnb, Instacart, Pinterest, Square, and Stripe, among others.
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Of further interest
Grason has a new CEO and is now 100% owned by Miton
The startup Grason, founded in 2018 by Karel Mařík and Jarmila Kowolowska as a platform for flexible staffing in the restaurant industry, is entering a new phase. Its new owner is Miton, which has been an investor in Grason since 2019, and its new CEO is Anna Pánková. Her task is to lead Grason in a new direction so that it serves restaurateurs as a comprehensive tool for managing personnel in their businesses.
Project Europe
Is it possible to build great projects from Europe? Absolutely. What does it take to make that happen? The newly launched Project Europe is a bold attempt that we’re proud to support. It offers €200,000 to aspiring founders under the age of 25—as long as they start their company in Europe.
What’s New: Fall/Winter 2024
As Miton continues to expand thematically, these regular summaries are becoming more and more diverse. We have something from crypto, a lot from AI, new podcast episodes, news in gastrotech, and re-commerce. What interests you the most?