- Founded
- 2023
- Headquarters
- San Francisco, CA
- Latest Round
- Series B
- Est. Valuation
- ~$600M
Investment Thesis
Reducto is an API-first document intelligence platform that converts unstructured files like PDFs, images, and spreadsheets into clean, structured JSON data. The company combines traditional OCR with modern Vision-Language Models.
Reducto raised $108M across three rounds in rapid succession within roughly one year. Backed by a16z, Benchmark, First Round Capital, and Y Combinator.
80% of business data is trapped in messy PDFs, spreadsheets, and scanned documents that AI models can't read — tables get jumbled and key numbers get lost.
An API that converts any document into clean, structured data by reading layout, spacing, and visual cues the way a human would, with 20% better accuracy than AWS Textract.
AI agents are taking over business workflows but they need clean inputs to function — and most enterprise data is still locked in unstructured files that legacy tools handle poorly.
Over 1 billion pages processed, monthly volume growing 6x in five months, with customers including Harvey, Mercor, and a Global Top 5 hedge fund.
MIT classmates Adit Abraham (CEO, ex-Google) and Raunak Chowdhuri (CTO, 100+ ML papers before graduating) built their prototype in a weekend and won Anthropic's inaugural hackathon.