# Acuvea Analytics Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acuvea-analytics-private

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.docsumo.com
- Total disclosed funding: $3.7M
- Latest round: Seed (Mar 3, 2022)
- Investors on record: 6

## About

Acuvea Analytics Private Limited specializes in providing a Document AI platform that transforms complex documents into structured data insights, streamlining data processing for businesses across various sectors.Founded in 2019 in Mumbai, India, Acuvea Analytics Private Limited focuses on document automation through its innovative technologies. The company has completed two investment deals, with the latest Seed round of funding amounting to USD 3.5 mn raised on March 3, 2022, led by Common Ocean and including investors like Arbor Realty Trust, Better Capital, and Fifth Wall Ventures. The firm was co-founded by Bikram Dahal and Rushabh Sheth, who serve as the CEO.Acuvea Analytics offers a comprehensive Document AI platform that facilitates the extraction and structuring of data from complex documents with minimal manual input. The platform utilizes advanced automation capabilities, allowing users to retrieve documents from various sources, including scanned PDFs and handwritten notes. Targeted towards sectors such as finance, legal, and compliance, the platform ensures over 95% accuracy in data extraction and caters to more than 10,000 data-driven enterprises worldwide.In 2022, Acuvea Analytics reported revenue of USD 78,260.30 and an EBITDA of USD -4,835.90.Following its funding round in March 2022, Acuvea Analytics aims to enhance its client base in the North American market and expand its team. The company plans to leverage the USD 3.5 mn raised to further develop and launch new features for its Document AI platform, aiming for a broader market reach and improved service offerings to meet the growing demand for efficient document processing solutions.

## Funding rounds

- Seed, Mar 3, 2022, $3.5M — Better Capital, Arbor Realty Trust, Fifth Wall Ventures, Common Ocean
- Seed, Aug 10, 2020, $0.2M — Better Capital, Techstars, Barclays

## Investors

- Better Capital — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Barclays — Seed
- Arbor Realty Trust — Seed
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Seed
- Common Ocean (https://capitalatlas.ai/funds/common-ocean) — Seed