Investment by regional development agency InnovationQuarter, Disruptive Technology Ventures (DTV) and angel investor.
The Hague, 4 June 2019 –Doculayer.ai, the intelligent content platform that processes and manages unstructured information, has secured €3 million in growth capital. The investment by InnovationQuarter, Disruptive Technology Ventures (DTV) and an angel investor was announced by Deputy Mayor Saskia Bruines at the GES Investor Beach BBQ in The Hague, a side event of the Global Entrepreneurship Summit (GES) 2019.
Richard Smit, CEO of Doculayer.ai says, “We are extremely proud that these investors believe in our solution and vision and are supporting us in our ambition to grow and further develop the platform. More than 80 percent of the information held by organisations is unstructured. Using AI-powered technologies, Doculayer.ai helps them automate the processing and structuring of this vast amount of unstructured data and uncover its hidden value.”
Innovative artificial intelligence
Doculayer.ai is the intelligent content platform that processes and manages unstructured information, such as scanned documents and images, using innovative artificial intelligence (AI) and machine learning technologies. In doing so, the platform can automatically analyse, enhance, enrich and improve the findability of large quantities of data.
The Doculayer.ai platform integrates seamlessly with business applications and processes in the current IT landscape, which means it can process unstructured content in existing systems.This enables the company to respond to the explosive growth of information and the actions required to store data in the correct manner, compliant with privacy legislation (GDPR).
Dutch Ministry of Justice and Security and KPN
Numerous organisations already use the platform. For instance, in partnership with the Judicial Information Service, Doculayer.ai takes care of improving and enriching millions of documents. The automated allocation of metadata ensures the documents are digitally archived and secured in the correct way and in compliance with the Dutch Archives Law.
Doculayer.ai is also used by KPN for the intelligent processing of customer contracts. Using AI, contract documents are classified according to content and given characteristics, after which they are structured into files in a fully automated way.
The investment will enable Doculayer.ai to strengthen and expand its teams in the areas of R&D, product development, sales, marketing and customer support. Daan Nollen, partner at Disruptive Technology Ventures says, “The amount of unstructured information is growing exponentially. Doculayer.ai provides a disruptive solution to access and process this information using AI. The customer base already successfully using Doculayer.ai is impressive and we see great potential for the platform to become the international market leader in intelligent content management.”
According to Francis Quint, Head of Capital at InnovationQuarter, Doculayer.ai has become a strong asset to the West Holland security network within a short space of time: “Using AI, Doculayer.ai generates files that are always up to date, which means that organisations automatically comply with the latest privacy legislation. We believe Doculayer.ai is an innovative, disruptive company that will bolster the regional security cluster with a powerful privacy solution. Thanks to the implementation of interactive learning AI, the innovative platform will, we expect, make a substantial contribution to the robotisation of content management. With this investment, Doculayer.ai will be able to accelerate its international expansion.”
Doculayer.ai is an intelligent content platform that leverages innovative artificial intelligence (AI) and machine learning technologies to gain added value from unstructured information. This allows Doculayer.ai to automatically process large amounts of data in the correct manner and to analyse, improve and enrich content and make it easier to find. Everything is carried out in compliance with relevant legislation and regulations. For more information, visit www.doculayer.com.
About Disruptive Technology Ventures
Disruptive Technology Ventures (DTV) is a private investment fund founded by Ad Scheepbouwer (former CEO of KPN and TNT), Ronald Prins and Menno van der Marel (founders of Fox-IT). The fund focuses on startups and scale-ups that distinguish themselves with unique, innovative technology and disruptive business models. The DTV team has extensive joint experience in management, technology investments, international growth and entrepreneurship.
InnovationQuarter is the regional development agency for West Holland. It invests in innovative, fast-growing local enterprises and helps transnational companies become established in this unique delta region. InnovationQuarter also facilitates national and international collaboration between forward-thinking entrepreneurs, knowledge institutes and governments. By collaborating with the business community, the agency is helping to make West Holland one of the most innovative regions in Europe.
As a lifecycle financier, InnovationQuarter finances companies in different cycles of their business growth and draws its investments from three funds: IQCapital, UNIIQ and ENERGIIQ.
InnovationQuarter is made possible by the Dutch Ministry of Economic Affairs and Climate Policy, the Province of South Holland, Rotterdam-The Hague Metropolitan Region, the Cities of Rotterdam, The Hague, Leiden, Delft, Drechtsteden, Westland and Zoetermeer, Delft University of Technology, Erasmus University Rotterdam, Leiden University, Leiden University Medical Center, Erasmus University Medical Center, HEID (The Hague Economic Investment Holding Fund Foundation) and the European Union.