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.
-73 points in the past 30 days
About Parascript
Parascript provides document processing solutions across sectors including banking, healthcare, and government. The company offers software that automates data capture and document workflows, focusing on data entry and operations. Parascript's technology is used in mail processing, payment processing, and fraud prevention. 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 automates the processing of unstructured data, such as documents, emails, images and videos. This is achieved using 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 costs, improve accuracy and…
Parascript named as Challenger among 15 other companies, including Oracle, NEC, and Automation Anywhere.
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
9,394 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.
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 provides an enterprise AI platform that specializes 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.
Instabase focuses on automating business processes through artificial intelligence, operating within the technology and AI sectors. Its main offerings include AI-powered solutions for understanding, extracting, and analyzing unstructured data to streamline document processing and generate actionable insights. Instabase primarily serves sectors such as financial services, insurance, healthcare, and the public sector. It was founded in 2015 and is based in San Francisco, California.
Indico Data specializes in artificial intelligence solutions for automated document intake across various industries. Its 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 such as underwriting, claims, policy servicing, and revenue cycle management. It was founded in 2014 and is based in Boston, Massachusetts.
Hypatos develops artificial intelligence systems to automate document data capture and processing. Its technology captures data points from documents, performs validations, and automates processes like accounting, travel and expenses, loan underwriting, and claims processing. The company was founded in 2018 and is based in Potsdam, Germany.
DocDigitizer is a company specializing in Intelligent Document Processing within the technology sector. Their main offerings include a cloud-based platform that utilizes AI and NLP technologies to automate the extraction of structured data from unstructured documents. The company primarily serves sectors that require document processing, such as financial services, healthcare, insurance, government, and logistics. It was founded in 2017 and is based in Alges, Portugal.
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