# Docugami

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/docugami

- Industry: Software
- Headquarters: Kirkland, US
- Website: www.docugami.com
- Total disclosed funding: $10M
- Latest round: Seed (Feb 11, 2020)
- Investors on record: 3

## About

Docugami Inc. offers advanced document engineering solutions that utilize AI for efficient data extraction, analysis, and automation, catering to diverse sectors including insurance and life sciences.Founded in 2017 and headquartered in Kirkland, US, Docugami Inc. specializes in creating technology that transforms documents into actionable data. The company was established by Andrew Begun, Jean Paoli, Mike Palmer, and Taqi Jaffri. Since its inception, it has completed a total of 4 deals, with the most recent deal occurring on June 28, 2023, when the company secured USD 1.000 mn in Grant funding from the National Science Foundation, bringing its total amount raised to USD 10.000 mn.Docugami, Inc. specializes in advanced document engineering solutions that leverage AI for data extraction, analysis, and automation. The company's core offerings are designed to transform entire documents into actionable data, targeting use cases within commercial insurance, life sciences, IT services, professional services, and other sectors. Their platform enables clients to efficiently generate, manage, and extract critical information from complex documents such as Master Service Agreements (MSAs), Statements of Work (SOWs), and ACORD forms. With a focus on compliance and quality control, Docugami's solutions are tailored to enhance productivity and insights while ensuring data security. The company serves a diverse client base that spans multiple geographical markets, including North America and Europe, addressing the needs of enterprises looking to streamline their document management processes.Docugami, Inc. generates revenue primarily through subscription-based pricing models for its document engineering platform. Clients typically engage with the company through B2B transactions, subscribing to various service tiers that offer different levels of access to the software's functionalities. The pricing structure is designed to accommodate a range of organizational needs, from small businesses to large enterprises, with tiered plans that unlock additional features as clients scale their operations. The flagship product focuses on intelligent document processing and contract lifecycle management, which are crucial for organizations in regulated industries. By providing tools that automate data extraction and analysis, Docugami enhances the efficiency of its clients' document workflows, ultimately driving repeat business and long-term partnerships.In June 2023, Docugami Inc. received USD 1.000 mn in grant funding from returning investor The National Science Foundation. The company plans to utilize this funding to advance its capabilities in identifying, analyzing, and understanding the semantic relationships within long-form documents, aiming to create a Document XML Knowledge Graph. Future growth initiatives include the development of new products that enhance document intelligence, as well as expansion into additional geographic markets to further meet the needs of a diverse client base.

## Funding rounds

- Seed, Feb 11, 2020, $10M — Next World Capital, SignalFire, Grammarly Inc.

## Investors

- Next World Capital (https://capitalatlas.ai/funds/next-world-capital) — Seed
- SignalFire (https://capitalatlas.ai/funds/signalfire) — Seed
- Grammarly Inc. — Seed