Ripcord

Data extraction and digitization services

Hayward, California, United States

About Ripcord

Ripcord specializes in data management by using robotics and artificial intelligence to extract and digitize information from both paper and digital documents. This technology allows businesses to access their data, which may be trapped in various document formats, whether structured or unstructured. Clients from diverse industries, including oil companies, benefit from Ripcord's ability to quickly extract and reconcile data, enhancing their operational efficiency and decision-making processes. The company provides a service that transforms paper documents into high-quality digital files while maintaining document integrity and ensuring a secure chain of custody. This service enables organizations to work more efficiently, make informed decisions, and automate processes using accurate data. Ripcord generates revenue by charging clients for its data extraction and digitization services, offering clear value through time savings and increased efficiency.

Hayward, CaliforniaHeadquarters
2015Year Founded
$140MTotal Funding
LATE_VCCompany Stage
Data & Analytics, Robotics & Automation, Enterprise SoftwareIndustries
51-200Employees

Benefits

100% of healthcare premiums
Generous parental leave
Catered lunch daily
Great vision & dental insurance
Comprehensive leave policy
Commuting benefits
Dog-friendly office!
Stock options

Risks

Fujifilm's acquisition may lead to internal restructuring and operational disruptions.
Integration of LearningPal could challenge Ripcord's operational efficiency.
New CEO Sam Fahmy might implement strategic changes misaligned with company culture.

Differentiation

Ripcord uses robotics and AI for efficient data extraction and digitization.
The company offers Document Intelligence as a Service for public sector digital transformation.
Ripcord's acquisition of LearningPal enhances its OCR and Document Understanding capabilities.

Upsides

Ripcord secured $32M funding to fuel growth and innovation in 2024.
Fujifilm's 100% acquisition could expand Ripcord's market access in the APAC region.
Increased demand for digital transformation boosts interest in Ripcord's solutions.