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Fortune Tech: Extortion

Exclusive: Reducto, AI document parsing startup, raises $24.5 million Series A led by Benchmark

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Reducto has raised a $24.5 million Series A, led by Benchmark, Fortune can exclusively report.
Reducto AI, a startup specializing in document parsing technology, has successfully raised $24.5 million in a Series A funding round led by Benchmark, with participation from existing investors including Y Combinator and Initialized Capital. The San Francisco-based company, founded in 2022 by former Google and Palantir engineers, aims to revolutionize how businesses extract and utilize data from complex documents. Reducto's platform uses advanced AI to automate the parsing of various document types, significantly reducing manual data entry and improving data accuracy for industries such as finance, legal, and healthcare. The new funding will be used to enhance the platform's capabilities, expand its market reach, and accelerate research and development efforts.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/25/exclusive-reducto-ai-document-parsing-startup-raises-24-5-million-series-a-led-by-benchmark/ ]