Parascript
Founded Year
1996Stage
Other Investors | AliveMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-66 points in the past 30 days
About Parascript
Parascript is a company that specializes in Intelligent Document Processing (IDP) in the technology sector. The company offers software solutions that automate data entry and modernize document workflows, eliminating manual processes and streamlining access to data. Parascript primarily serves sectors such as banking and finance, healthcare and insurance, government, logistics and transportation, and mail and post. It was founded in 1996 and is based in Longmont, Colorado.
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Parascript's Product Videos
ESPs containing Parascript
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The intelligent document processing (IDP) market is focused on automating the processing of unstructured data, such as documents, emails, images and videos. This is achieved through the use of AI and machine learning technologies that can extract relevant information from these sources and integrate it into workflows. The IDP market is growing rapidly as businesses seek to reduce manual processing…
Parascript named as Outperformer among 15 other companies, including Oracle, NEC, and Iron Mountain.
Parascript's Products & Differentiators
CheckXpert.AI
CheckXpert.AI automatically locates, recognizes and extracts data including Payee Line, CAR/LAR, MICR Line, Signature Presence, and more.
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Expert Collections containing Parascript
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Parascript is included in 3 Expert Collections, including Robotic Process Automation.
Robotic Process Automation
322 items
RPA refers to the software-enabled automation of data-intensive tasks that are low-skill but highly sensitive operationally, including data entry, transaction processing, and compliance.
Fintech
9,295 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
104 items
Parascript Patents
Parascript has filed 7 patents.
The 3 most popular patent topics include:
- channel access methods
- data management
- metadata
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
4/19/2022 | 12/6/2022 | Grant |
Application Date | 4/19/2022 |
|---|---|
Grant Date | 12/6/2022 |
Title | |
Related Topics | |
Status | Grant |
Latest Parascript News
May 28, 2024
May 28, 2024 Parascript, a software solutions provider for checking fraud prevention, appointed Emiliano Giacchetti as its CEO. He takes over for Aleander Filatov, according to a press release. Prior to joining Parascript, Emiliano served at McKinsey & Company. "I am thrilled by the opportunity of joining a company with such a rich history, strong culture, deep technological edge, and I look forward to joining our incredible team to accelerate our innovation, relentlessly improve the value we generate for our customers and shareholders, and to take the company into the next decade of growth and evolution," Emiliano said in the release.
Parascript Frequently Asked Questions (FAQ)
When was Parascript founded?
Parascript was founded in 1996.
Where is Parascript's headquarters?
Parascript's headquarters is located at 6273 Monarch Park Place, Longmont.
What is Parascript's latest funding round?
Parascript's latest funding round is Other Investors.
Who are the investors of Parascript?
Investors of Parascript include Plainfield Asset Management.
Who are Parascript's competitors?
Competitors of Parascript include Eigen Technologies, Natif.ai, Instabase, Tungsten Automation, Ephesoft and 7 more.
What products does Parascript offer?
Parascript's products include CheckXpert.AI and 2 more.
Who are Parascript's customers?
Customers of Parascript include Saxony Partners and Docufree.
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Compare Parascript to Competitors
Hyperscience is an enterprise AI platform provider specializing in intelligent document processing and hyperautomation technologies. The company offers solutions that transform unstructured content into structured, actionable data, enabling businesses to automate complex, mission-critical processes. Hyperscience serves various sectors, including financial services, government agencies, and insurance companies. It was founded in 2014 and is based in New York, New York.
ABBYY is a company specializing in intelligent automation and document understanding within the technology sector. Its main offerings include intelligent document processing platforms that capture and transform data from various document types and process intelligence solutions that provide insights for business process optimization. ABBYY's products are primarily utilized in industries such as financial services, insurance, transportation, public sector, and healthcare. It was founded in 1989 and is based in Milpitas, California.
Rossum offers a document processing platform. It is an artificial intelligence (AI)--based cloud document gateway for automated business communication. It understands complex structured documents and enables companies to capture data from financial documents with human-level accuracy. It was founded in 2017 and is based in Prague, Czech Republic.
Instabase develops a technology platform to automate work. Its open ecosystem combines artificial intelligence (AI) breakthroughs from research labs enabling organizations to embed intelligence into any system. It offers services such as trade and settlement processing, small business lending, commercial claims processing, grants management, and more. It serves public sectors, healthcare, insurance, and more. The company was founded in 2015 and is based in San Francisco, California.
Indico Data is a company specializing in artificial intelligence solutions for automated document intake across various industries. Their main offering includes an Intelligent Intake solution that automates the processing of unstructured data. It serves sectors such as the insurance industry, financial services, and healthcare, optimizing processes like underwriting, claims, policy servicing, and revenue cycle management. Indico Data was formerly known as Indico. It was founded in 2013 and is based in Boston, Massachusetts.
AntWorks is a global leader in the intelligent document processing sector. The company offers a platform, CMR+, that processes a wide range of documents in various formats, including forms, handwritten notes, images, tables, and signatures, to streamline operations and enhance data-driven decision-making. AntWorks primarily serves sectors such as banking, financial services, insurance, manufacturing, retail, and supply chain. It was founded in 2015 and is based in Singapore, Singapore.
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