Applica Funding & Investors

New York, NY

Applica’s proprietary AI automates text-intensive work by extracting meaning from unstructured and semi-structured documents, regardless of language or layout; it is rapidly trained to new use-cases by non-experts with a minimum of customer data and continually self-learns from interactions with end users. Thanks to a combination of NLP with deep learning, the Applica engine has human-level precision. It is available in SaaS model with a monthly subscription fee and provides a low cost of ownership to end users. Exemplary use-cases include: - Automation of legal debt collection process (classification, extraction of information, and interpretation of bailiff and court letters) - Automation customer care in Telco (classification, extraction of information, and interpretation of claims from customers) - Automated verification of credit documents (extraction of information from notarial acts and verification against credit agreements) - Extraction of information from unstructured medical documentation - Automated processing of incoming invoices (extraction of information from invoices) The Applica team consists of over 40 deep learning experts, mathematicians, data scientists, linguists, and software engineers - with over half of them holding a PhD.