Nanonets develops an AI-driven platform that automates document processing and data extraction workflows. The system converts unstructured documents - such as invoices, receipts, purchase orders, contracts, claims, and forms - into structured data, leveraging optical character recognition (OCR) and deep learning. According to the company, this can reduce manual effort by up to 90% and cut processing costs by up to 50%.
The platform is used across finance, healthcare, supply chain, and other document-heavy industries. Nanonets reports that 34% of Fortune 500 companies have adopted its technology, though the company does not disclose details on funding, team size, or founding year.
The team describes itself as combining deep technical expertise with a practical understanding of business operations, with a stated focus on solving concrete problems rather than pursuing technology trends for their own sake.
