Mindee.co

Mindee provides a developer-focused, API-first platform for AI-powered document understanding. The company was founded in 2018 by Jonathan Grandperrin (CEO), Victor Briançon-Marjollet (COO), Olivier Rey (CTO), and Mohamed Biaz (CSO), a group of former technology executives with experience in AI startups. Headquartered in Paris with a presence in San Francisco, Mindee aims to standardize the document processing layer, enabling developers to automate workflows and eliminate manual data entry.

The company's core product is an API that utilizes deep learning and machine learning to extract and structure data from various documents like invoices, receipts, passports, and ID cards. Mindee offers a suite of pre-built APIs for specific use cases including expense management, accounts payable automation, and KYC compliance, as well as a self-service platform for users to create their own custom document parsing APIs. In March 2024, the company launched docTI (Document Tailored Intelligence), an intelligent document processing (IDP) solution that requires no data model training to process various document types. The platform is designed for fast integration, with SDKs for major programming languages, and delivers structured data in JSON format in milliseconds.

Mindee's business model targets software developers and companies in sectors such as finance, accounting, insurance, and logistics. The company offers a free tier for developers to trial the API and features a pay-as-you-go pricing model based on usage volume, as well as enterprise plans. Since emerging from stealth in October 2021, Mindee has raised a total of $23.4 million in funding over several rounds. A significant Series A round in October 2021 raised $14 million, led by GGV Capital with participation from investors like Alven, Serena Capital, and Bpifrance. The company is a graduate of the Y Combinator Winter 2021 batch.

Keywords: document processing API, AI data extraction, OCR API, intelligent document processing, automate workflows, invoice parsing, receipt scanning, KYC automation, accounts payable automation, expense management, API-first platform, deep learning, machine learning, structured data extraction, document understanding, developer tools, financial document automation, legal document OCR, identity document verification