Docugami

Generates insights from business documents using AI

Kirkland, Washington, United States

About Docugami

Docugami focuses on using generative AI to enhance business documents. The company utilizes Large Language Models (LLMs) that have been trained on millions of business documents to transform unique documents into structured data. This process allows users to generate reports, insights, and new documents based on their existing content, while also ensuring data security and reducing the risk of errors. Unlike many competitors, Docugami's solutions are designed to provide immediate benefits to users without the need for extensive IT resources or training. The goal of Docugami is to deliver valuable AI-driven insights and document management solutions across various industries, including Commercial Insurance, Real Estate, Technology, and Professional Services.

Kirkland, WashingtonHeadquarters
2017Year Founded
$9.7MTotal Funding
SEEDCompany Stage
Enterprise Software, AI & Machine Learning, Real EstateIndustries
11-50Employees

Benefits

Competitive salary with stock options
Healthcare plan
Competitive vacation and leave policy
Vibrant and inclusive company culture with frequent team-building events
Healthy snacks stipend
Unlimited in-house healthy snacks & drinks
Competitive vacation and leave policy

Risks

Increased competition from OpenAI and Cohere could impact market share.
Reliance on partnerships with LangChain and LlamaIndex poses integration risks.
Focus on niche markets like Commercial Insurance may limit growth if demand decreases.

Differentiation

Docugami specializes in generative AI for business documents using unique LLMs.
The company converts business documents into data for insights and secure data streams.
Docugami's KG-RAG approach outperforms other RAG methods with hierarchical semantic chunking.

Upsides

Integration with Microsoft 365 Copilot enhances document management capabilities.
AI-driven contract analysis tools present expansion opportunities in legal document management.
Growing demand for AI in healthcare suggests a new vertical for document transformation.

Funding

Total raised$9.73 M
Latest valuation$50.00 M
StageSEED
SEED
1/31/2020
$10
$50.00 M