Adit & Raunak - Congratulations on the official launch of Reducto! https://lnkd.in/drGUVCe3
We raised an $8.4 million seed round led by First Round Capital! In just a few months many of the world's best AI teams adopted Reducto to ingest their most complicated documents and spreadsheets. Today, our customers process tens of millions of pages with Reducto's models every single month. So much of the world’s most important data – from financial statements to medical records – is locked in PDFs and spreadsheets. Mistakes in extraction compound into hallucinations and inaccurate outputs from even the best LLMs. Our goal at Reducto is to turn these valuable data sources into ideal inputs for LLMs. We trained vision models to do that with better accuracy than existing approaches, and are lucky to be serving exceptional companies from series A to Fortune 10. Our customers choose us for accuracy and speed, and this funding will go towards making the product even better for them. Very grateful to have Liz Wessel join us on our mission. She's genuinely been the best partner we could have asked for. We also want to thank Diana Hu for being our first investor and for supporting us from Reducto's early days. This round also included participation from funds like YCombinator, BoxGroup, SVAngel, and Liquid2, alongside founders we admire including Arash Ferdowsi (Dropbox), Andrew Ofstad (Airtable), Kulveer Taggar (Zeus), JJ Fliegelman (WayUp), Richard Aberman (WePay), Ralph Goottee and Tracy Young (PlanGrid), and more. We have a lot more to build and we're really excited about what's ahead for Reducto. If you're excited about building the future of LLM ingestion with us, or want to see if Reducto can help with your use case, send us a message!