PARASHIFT - Intelligent Document Processing (IDP)

Large corporations use the Parashift Intelligent Document Processing platform to set up, classify and extract business documents from hundreds of processes. The platform is based on Document Swarm Learning, which creates the world's largest document data network. This proprietary and unique technology for maximizing AI training across use cases and customers results in unprecedented performance metrics with minimal effort. With partners and customers who join the Swarm, Parashift works on over 4,000 out-of-the-box solutions across industries such as FSI, logistics, real estate and more. These solutions, powered by Document Swarm Learning, allow data extraction without configuration and training, reducing time-to-solution to hours. Document Swarm Learning at the field level gives, for the first time, maximum flexibility and modularity to capture and analyze information from all documents in your organization, independent of document type, layout, terminology, or language. Finally, you can tackle use cases that were previously too complex and investment-intensive. Parashift AG, founded in 2018, is a deep-tech company focused on empowering document processing through Machine Learning. Parashift is headquartered in Switzerland and employs more than 40 employees in Machine Learning, Development, and Business Development. Forbes named Parashift 2019 as one of the 30 most promising AI startups in Europe.