# Ripcord

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

- Industry: Software
- Headquarters: Hayward, US
- Website: www.ripcord.com
- Total disclosed funding: $112M
- Latest round: Series C (Feb 28, 2020)
- Investors on record: 13

## About

Ripcord, Inc. is a US-based company specializing in document digitization and data extraction services, utilizing advanced robotics and artificial intelligence to transform physical and digital documents into accessible digital formats. Founded in 2015 by co-founders Alex Fielding, Kevin Hall, and Kim Lembo, Ripcord, Inc. operates from Hayward, California, US, providing innovative digital solutions. The company specializing in transforming documents data using robotics, AI, and cloud-based software. In April 2025, Ripcord raised venture debt funding from Partners for Growth. Ripcord offers advanced document digitization and data extraction services through a combination of robotics and artificial intelligence. The company's core product involves the transformation of both paper and digital documents into high-quality digital files, ensuring document integrity and maintaining chain of custody. This process allows organizations to automate key business processes, access critical information, and unlock new opportunities. Ripcord serves a diverse client base across various industries including financial services, manufacturing, energy, public sector, and real estate, among others. Their solutions are designed to enhance operational efficiencies and facilitate better decision-making through actionable insights derived from data. Ripcord's products are marketed globally, with notable implementations in North America, Europe, and parts of Asia. Ripcord's revenue model is based on B2B transactions, with clients engaging the company for its document digitization and data intelligence services. These engagements typically involve subscription agreements or project-based contracts tailored to specific business needs. Clients pay for services based on the volume of documents digitized or through fixed-term contracts granting access to Ripcord's cloud-based content platform, Canopy. This approach allows flexibility in pricing according to the scope of services utilized, with the company earning a reputation for high accuracy in data extraction, essential for clients aiming to maximize their information assets while reducing operational costs. The company plans to use the funding form April 2025 to enhance its products and growth.

## Funding rounds

- Series C, Feb 28, 2020, $45M — Kleiner Perkins, Icon Ventures, Lux Capital, GV, Silicon Valley Bank, Baidu, Tyche Partners, CDK Global, Inc.
- Series C, Dec 8, 2017, $25M — Kleiner Perkins, Icon Ventures, Lux Capital, GV, Silicon Valley Bank, Titanium Ventures
- Series B, Jun 15, 2017, $25M — Kleiner Perkins, Icon Ventures, Lux Capital
- Series A, Mar 23, 2017, $9.5M — Kleiner Perkins, Lux Capital, Legend Star
- Seed, May 16, 2016, $7.4M — Kleiner Perkins, Icon Ventures, Lux Capital, GV, Silicon Valley Bank, Legend Star, Playground Ventures, Baidu Ventures, KittyHawk Ventures

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed, Series A, Series B, Series C
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Seed, Series B, Series C
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed, Series A, Series B, Series C
- GV (https://capitalatlas.ai/funds/gv) — Seed, Series C
- Silicon Valley Bank — Seed, Series C
- Legend Star (https://capitalatlas.ai/funds/legend-star) — Seed, Series A
- Playground Ventures (https://capitalatlas.ai/funds/playground-ventures) — Seed
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Seed
- KittyHawk Ventures (https://capitalatlas.ai/funds/kittyhawk-ventures) — Seed
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series C
- Baidu — Series C
- Tyche Partners (https://capitalatlas.ai/funds/tyche-partners) — Series C
- CDK Global, Inc. — Series C