4 years ago

Rossum Secures $100 Million Series A to Accelerate AI-Powered Document Communication

  • Rossum, an AI B2B document communication company based in London, UK and Prague, CZ, has raised $100 million in Series A funding

  • The round was led by General Catalyst, with participation from LocalGlobe, Seedcamp, Miton, and Elad Gil

  • The company plans to use the funds for product development, hiring, opening new hubs, and establishing a research center in Prague

  • Rossum's AI engine helps businesses automate document workflows, saving users over 90% of manual work

  • The company serves hundreds of clients, including business software vendors and Fortune 500 enterprises.

      • ProblemTechnology

      "Businesses waste a lot of time and money manually processing documents. The current systems are slow, inefficient and prone to errors."

      Solution

      "Rossum uses AI to automate document processing, saving businesses time and money. It integrates with existing enterprise systems like SAP and Oracle, and frees up employees to focus on more strategic tasks."

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