# Veryfi: Information technology & services, San Mateo, United States

> Veryfi: Veryfi is an AI-powered Intelligent Document Processing (IDP) company based in San Mateo, California. Based in San Mateo, United States. Founded 2017.

Source: https://millionrounds.com/startup/veryfi (Millionrounds; every figure on the page links to its filing or article)

United States · [Information technology & services startup](https://millionrounds.com/companies)

# Veryfi

Veryfi is an AI-powered Intelligent Document Processing (IDP) company based in San Mateo, California.

Funding reported Last round: Series A

Information technology & services San Mateo, United States

Company summary

- **Founded:** 2017 9 years old
- **Team:** 70 51 to 200 people
- **Funding reported:** $13M in dollars
- **Last round:** Series A Apr 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Veryfi has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Veryfi

Veryfi is an AI-powered Intelligent Document Processing (IDP) company based in San Mateo, California.

Founded in 2017, it specializes in transforming unstructured documents such as receipts, invoices, and checks into structured business data quickly and efficiently. The company aims to automate manual data extraction from financial documents, enhancing productivity for its clients. Veryfi offers a range of services, including the Veryfi OCR API for scanning and extracting data from various document types, and the Veryfi Lens mobile SDK for real-time expense tracking. Its technology utilizes advanced AI and Optical Character Recognition (OCR) to ensure accurate data parsing. The company serves mid-market to enterprise clients across sectors like FinTech, healthcare, construction, and accounting, providing solutions that integrate seamlessly with existing financial systems. With a strong focus on security and compliance, Veryfi adheres to standards such as SOC2 Type II and HIPAA, ensuring the safe handling of sensitive data. The company is committed to delivering real-time accuracy and fraud protection, making it a valuable partner for businesses looking to streamline their financial processes.

## What company datasets say Veryfi raised

Funding, as reported

Reported in all **$13M** in dollars

Rounds **3**

Last round **Series A**

Last round size **$12M**

Last round date **Apr 2021**

Investors listed **6**

SEC Form D **$19M sold, 1 filing, last Apr 2021**

Y Combinator **W17**

## The company, in detail

What they build

Known for

real-time processing health care claims automation hipaa compliance ai-powered apis computer & network security receipt scanning ocr aipowered data extraction fighting synthetic fraud construction invoice processing information technology & services scan receipts real estate logistics & supply chain

Built with from their website

HubSpot Sales Hub Google Tag Manager WordPress.org Atlassian Tailwind CSS Google Cloud YouTube Google Workspace Bing Webmaster Tools CloudFlare

+8 more

Viewport Meta LinkedIn Ads Google Play Site Kit CookieYes Element UI Hubspot WebGL

- **Sector:** Information technology & services
- **Industry code:** NAICS 54151, 51321, SIC 7375
- **Region:** California
- **Revenue:** $2.0M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/veryfi)

## Information technology & services in United States

Startups like it

- [**Databricks** San Francisco · founded 2013 *Raised*](https://millionrounds.com/company/databricks)
- [**Waymo** Mountain View · founded 2009 *Raised*](https://millionrounds.com/company/waymo)
- [**Crusoe** Denver · founded 2018 *Raised*](https://millionrounds.com/company/crusoe)
- [**Cursor** San Francisco · founded 2017 *Raised*](https://millionrounds.com/company/cursor)
- [**Thinking Machines Lab** San Francisco *Raised*](https://millionrounds.com/company/thinking-machines-lab)
- [**Cognition** San Francisco *Raised*](https://millionrounds.com/company/cognition)
- [**Polymarket** New York · founded 2020 *Raised*](https://millionrounds.com/company/polymarket)
- [**Harvey** San Francisco · founded 2022 *Raised*](https://millionrounds.com/company/harvey)

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