3 years ago
Arbolus Raises $15 Million to Digitize Offline Knowledge
Arbolus, a London-based startup specializing in AI-powered digitization of offline data, has secured $15 million (£12 million) in Series A funding
The investment will be used for product development and to meet growing customer demand
Arbolus' platform allows businesses to index and search digitized documents, fostering knowledge sharing and industry connections
The company has seen significant growth, tripling revenue and doubling its staff to 100 employees in the past year
The funding round was led by Element Ventures, with participation from existing investor Fuel Ventures and Silicon Valley Bank, which also provided a debt facility.
ProblemTechnology
"Businesses struggle to access and share knowledge stored in offline documents, making it difficult to leverage valuable insights and collaborate effectively."
Solution
"Arbolus digitizes offline documents using AI, making them searchable and accessible. This allows businesses to easily find and share knowledge, improving collaboration and decision-making."