AI Doc Processing Startup Zuva Secures $20M in Series A Funding
AI-based document processing platform Zuva Inc has secured $20 million in its first-ever Series A funding round. The round was led by New York-based Insight Partners, with no other firms identified in the search results.
Zuva, a spinout from Kira Systems (acquired by Litera in August), has made a swift start. Launched just a month ago, it has already signed on three customers. The platform aims to expand its workforce significantly, targeting 45 to 50 employees by the end of the year.
The funding will be allocated towards various growth areas. Zuva plans to invest in hiring, product development, sales, marketing, and research and development. This strategic move signals the company's ambition to strengthen its position in the AI-driven document processing space.
Zuva Inc's Series A funding round, led by Insight Partners, has raised $20 million. The funds will fuel the company's expansion plans, including hiring, product development, and marketing. With three customers already on board and a target to double its workforce by the end of the year, Zuva is poised for significant growth in the AI document processing sector.
