About
Kofax (now Tungsten Automation) is an intelligent automation platform for document processing. Irvine-based, founded 1985. Rebranded Jan 2024. Acquired by Clearlake Capital and TA Associates (2022) from Thoma Bravo. 2,200 employees, 32 countries, 25,000+ customers. Leader in 2025 Gartner Magic Quadrant for Intelligent Document Processing.
Key Facts
- [1]Employees: Employee count: 1,001-5,000.
- [2]Website: Official website: kofax.com.
- [3]AI Technology: Core AI/ML technologies: Computer Vision.
- [4]Region: Region: Americas (United States).
Founder
Kofax Inc.
Est. 1985
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 Kofax (Tungsten)?
Kofax (now Tungsten Automation) is an intelligent automation platform for document processing. Irvine-based, founded 1985. Rebranded Jan 2024. Acquired by Clearlake Capital and TA Associates (2022) from Thoma Bravo. 2,200 employees, 32 countries, 25,000+ customers. Leader in 2025 Gartner Magic Quadrant for Intelligent Document Processing. Kofax (Tungsten) is classified in the Enterprise Finance segment at the Data layer of the financial AI stack.
Who founded Kofax (Tungsten)?
Kofax (Tungsten) was founded by Kofax Inc. (Est. 1985).
What AI technology does Kofax (Tungsten) use?
Kofax (Tungsten) 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 Kofax (Tungsten) operate in?
Kofax (Tungsten) 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 Kofax (Tungsten) headquartered?
Kofax (Tungsten) is headquartered in Irvine, 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 Kofax (Tungsten)'s competitors?
Companies similar to Kofax (Tungsten) in the Enterprise Finance space include Ocrolus ($142M raised), Tegus ($112M raised), Puzzle ($67M raised), Pilot ($222M raised), Zeni ($48M raised). These companies operate in related areas of financial AI: Ocrolus focuses on ai document automation for lending decisions. Tegus focuses on ai-generated investment research summaries. Puzzle focuses on generative accounting platform for startups. (Based on AIFI Map classification data.)
What products does Kofax (Tungsten) offer?
Kofax (Tungsten) builds data-layer solutions for the financial services industry. The company's core offering: Intelligent automation for document processing. The platform is powered by Computer Vision technology.