# Rossum

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

- Industry: Software
- Headquarters: London, UK
- Website: www.rossum.ai
- Total disclosed funding: $68M
- Latest round: Series A (Sep 21, 2021)
- Investors on record: 4

## About

Based in London, UK, and founded in 2016 by Petr Baudis, Tomas Gogar, and Tomas Tunys, Rossum Ltd provides an artificial intelligence-based platform that enables enterprises to automate data extraction of financial documents. In October 2021, Rossum Ltd raised USD 100 million in a Series A funding led by General Catalyst Partners, with participation from LocalGlobe, Miton Group, and Seedcamp. As of October 2021, Mr. Tomas Gogar is the CEO of Rossum Ltd. and has raised a total of USD 104.1 million in funding.

Rossum Ltd's product line includes receive documents, understand documents, communicate and act, and control and secure, which are four key steps in document-based processes. The company’s artificial intelligence-based platform receives documents across multiple channels, automates understanding, two-way communication to resolve exceptions, and acts on the data using in-depth integrations. Rossum’s platform supports multiple integrations related to ERP systems, RPA systems, document management systems and others. In addition, the company provides solutions, such as accounts payable, logistics, and shared services. Rossum’s computer vision technology helps clients by reading invoices and other documents in a way that ensures fast invoice data capture and greater accuracy with use.

Rossum Ltd generates revenue by pricing its platform packages.

Rossum Ltd plans to use its proceeds from a Series A funding to invest in product development, hire engineering and AI talent, open new hubs in the US, Europe, and Asia, and a research center in Prague.

## Funding rounds

- Series A, Sep 21, 2021, $60M — General Catalyst Partners, Seedcamp, Miton Group, LocalGlobe
- Seed, Mar 22, 2021, $7.8M — Seedcamp, LocalGlobe

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series A
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A
- Miton Group — Series A