Swiss startup Parashift develops AI-based accounting document management technologies which it offers through a SaaS platform and APIs. The company has built a machine learning platform that’s capable of reading all kinds of accounting documents such as invoices, cash receipts and credit card receipts with unprecedented accuracy and extract documents entirely autonomously.
The platform combines simple and efficient data and model management with human annotation of a very large pool of aggregated data. The start-up raised CHF 1M in a seed-round in spring 2018. The founders of Parashift have previously also successfully launched a swiss online-bookkeeping platform called Accounto.io.