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Rossum

AI document processing for invoices and transactional paperwork.

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Prague-based Rossum offers an AI platform for intelligent document processing, automating the extraction and validation of invoices, purchase orders and other transactional paperwork.

It targets the unglamorous but expensive problem of manual data entry in enterprise finance and operations, learning document layouts rather than relying on rigid templates. Hundreds of enterprises use it to cut processing time and error rates.

It is one of Central Europe's notable enterprise-AI exports.

Startup details:

Country
🇨🇿 Czechia
City
Prague
Founded
2017
Founders
Tomáš Gogár, Petr Baudiš, Tomáš Tunys
Funding stage
Series A+
Total funding
~$110M
Valuation
Undisclosed (acquired by Coupa)
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Rossum: AI document processing for invoices and transactional paperwork. – AI Startups Europe