Press releases from Reducto AI or the Fortune 500 company involved

Reducto AI (YC W24) Raises $8.4M Seed Round Led by First Round Capital to Transform Human Data for LLMs

Oct 2, 2024, 05:11 PM

Reducto AI, a company focused on making human data LLM-ready, has raised an $8.4 million seed round led by First Round Capital. The company, co-founded by Adit and Raunak, is currently working with hundreds of AI teams to process tens of millions of documents each week. Reducto AI, a YC W24 startup, has seen rapid growth since its inception. The technology is designed to handle complex documents such as insurance claims, medical records, and financial statements, transforming them into data that can be efficiently processed by large language models (LLMs). The funding, announced in the Spring, will support Reducto AI's mission to unlock unstructured data for enterprise AI teams across various industries.