About
ABBYY provides intelligent document processing and process mining used by 10,000+ companies including many Fortune 500 firms. Reported 60% ARR growth in 2023 from its purpose-built AI solutions. Named Leader in 2024 Gartner Magic Quadrant for Process Mining and Everest Group's IDP PEAK Matrix. Partners include Blue Prism, PwC, Deloitte, and NICE. Headquarters in Austin with offices in 13 countries.
Key Facts
- [1]Funding: Total funding: $1.0B. Last round: May 2021. Stage: Late Stage.
- [2]Employees: Employee count: 1,001-5,000.
- [3]Website: Official website: abbyy.com.
- [4]AI Technology: Core AI/ML technologies: Computer Vision.
- [5]Region: Region: Americas (United States).
Founder
David Yang
Founder
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is ABBYY?
ABBYY provides intelligent document processing and process mining used by 10,000+ companies including many Fortune 500 firms. Reported 60% ARR growth in 2023 from its purpose-built AI solutions. Named Leader in 2024 Gartner Magic Quadrant for Process Mining and Everest Group's IDP PEAK Matrix. Partners include Blue Prism, PwC, Deloitte, and NICE. Headquarters in Austin with offices in 13 countries. ABBYY is classified in the Enterprise Finance segment at the Automation layer of the financial AI stack.
Who founded ABBYY?
ABBYY was founded by David Yang (Founder).
How much funding has ABBYY raised?
ABBYY has raised $1.0B in total funding, placing the company at the Late Stage stage. The most recent round closed in May 2021. Among 79 funded Enterprise Finance companies, ABBYY ranks #7 by total capital raised. (Source: AIFI Map directory.)
What AI technology does ABBYY use?
ABBYY primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Enterprise Finance segment, 11 companies use this technology.
What market segment does ABBYY operate in?
ABBYY operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Where is ABBYY headquartered?
ABBYY is headquartered in Milpitas, United States. The company operates in the Americas region. The team consists of 1,001-5,000 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are ABBYY's competitors?
Companies similar to ABBYY in the Enterprise Finance space include Greenlite ($20M raised), Trumid ($722M raised), Pibit.ai ($8M raised), Puzzle ($67M raised), Pilot ($222M raised). These companies operate in related areas of financial AI: Greenlite focuses on ai agents that accelerate aml reviews. Trumid focuses on ai-powered fixed income trading platform. Pibit.ai focuses on agentic underwriting platform for carriers. (Based on AIFI Map classification data.)
What products does ABBYY offer?
ABBYY builds automation-layer solutions for the financial services industry. The company's core offering: Enterprise intelligent document processing. The platform is powered by Computer Vision technology.