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San Mateo, CA, USA

Financial services
Computer software
y combinator
Ti platform management
Newview capital
envestnet yodlee incubator
2. 11-50

Today, enterprises across all industries are investing tremendous amounts of capital to make sense of their data. Approximately 80% of an organization’s entire data set consists of unstructured data. While unstructured data represents a tremendous opportunity for businesses, it also presents significant challenges. Many existing document processing solutions have low accuracy rates and often require human analysis to fill in the gaps. Human error is a very real and costly problem for enterprises across industries – it’s estimated that the error rate in accounting is 27.5%, and 80% of all medical bills contain errors. Veryfi is on a mission to eliminate manual data entry. Founded by a duo of Silicon Valley technology pioneers originally from Australia and Belarus, whose families both had members working as bookkeepers, the company has developed advanced software to overcome this tedious, costly, and error-prone business process.

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