Instabase announced completion of a Series C round for $45 million. This values the company at $2 billion, double the valuation from its Series B round of 2019. Instabase is now the most valuable software company whose main business is to provide solutions for unstructured document or data processing. How did they get here?
Foundational Large Language Models (LLMs) are now widely available to developers and – just as importantly – are now economically feasible for business applications. This marks the beginning of the 4th Wave of IDP.
We’re at the very beginning of the announcement cycle for GPT integration with IDP. Some vendors are all-in on GPT, while others take a more cautious approach. From a trickling stream in April, we expect the PR will soon become a raging torrent of Class IV rapids as the huge snow mass melts. Time to “buckle up, buttercup”.
There is one challenge no startup should ever have to face: just when the product is ready to launch, a devastating war breaks out in the country. This was (and is still) the incredible challenge confronting RaccoonDoc, an IDP startup from the Ukraine.
Invoice processing with… Bing? Hyperscience up, ABBYY down. And the beginning of the end for Capture.
I subpoenaed ChatGPT to testify in its own words if or how it can help IDP. Here is its testimony, verbatim.
You knew that, sooner or later, an IDP marketer would jump at the chance to be affiliated with the incredible buzz surrounding the most exciting AI news story of the 21st century.
40% of users have abandoned a digital onboarding process after an ID verification fail. If that figure is even half-right, a huge amount of potential sales are missing from any business with dodgy Proof of Identity solutions.
Intelligent document processing (IDP) software is an essential component of digital transformation projects. Our report gives a comprehensive overview of market size, forecasts, vendors and buying tips.
Today we released yet another batch of research reports, Vendor Vignettes. These short reports are, in essence, a vendor product or service review.
Those who know me well will know that I’m a massive public transport nerd outside my weekday life. Avoid me at parties, but specifically because I’ll end up talking about this. It’s not the trains. It’s more about networks and their interconnectivity, how these networks have grown over time, often through accident rather than design, and how their development tracks against our collective social history.
Unlike the past two years’ flurry of game-changing product announcements such as Box Sign, Box Shield, Box Governance, and Box Shuttle, Box Works 2022 was short on “new” and long on “we’re now in GA with all the stuff we said we would do”. This will be good news for Box’s enterprise license customers who seem eager to deploy the new tools.
Technology that automates repetitive tasks and cost-cutting go hand in hand, so with a looming recession, it’s logical to expect RPA tools to do well. Overall, they are doing well, but in recent conversations with buyers, systems integrators, and resellers, things are not going as well as they should be.
Last week one press release made a claim that almost broke our skeptimeter. The headline claimed “industry-first 100% accuracy offering for document processing.”
It’s hard to believe that I founded Deep Analysis five years ago (almost to the day). It’s hard to believe we made it this far and that we are looking forward to the next five. But maybe what is hardest to grasp is just how much our industry has changed over these past few years. …
This was a bullish briefing from Blue Prism. SS&C paid $1.65 billion, so we expected nothing less than a moon shot effort. Of course, the proof will be in the pudding, as a lot of product integration promises were made and there is still much work to do here. It’s also hard to imagine that this is the last acquisition SS&C will make. Will the portfolio grow even further with a process intelligence/mining addition on the horizon?
TWAIN Direct’s ultimate goal is connecting devices directly to the software app, completely removing the PC from the middle. That’s really important to the new wave of cloud developers; it abstracts the proprietary hardware layer and replaces all the other confusing scanner connectors. Plus it’s free to any developer.
Ignite was a vast digital event befitting of the newly-crowned world’s most valuable public company, with a dizzying array of product announcements rolled out around the main theme of making hybrid work the new normal. Here are some very brief highlights…
Does the Zillow algorithm fail have larger meaning for AI? Some tech pundits have used this story to rail against the blind adoption of AI by businesses or to preach against the sins of replacing human wisdom with AI bots. After reading a few posts, you’d be forgiven for thinking this could be the beginning of the end for evil AI. At Deep Analysis, we thoroughly disagree with the fearmongers and naysayers.
There is a boxing match this week between Tyson Fury and Deontay Wilder. But there is another equally heavyweight match lining up between Hyland and OpenText.
