Data-as-a-Service Provider Captricity Raises M in Funding

Oakland-based startup Captricity Inc., has announced a $35 million Series C round of financing led by White Mountains Insurance Group, LTD. to further develop its cloud-native Data-as-a-Service platform. This brings Captricity’s total funding to $49 Million.Captricity works closely with clients in the insurance, government and non-profit sectors.  Its proprietary technology “combines deep learning and human intelligence to convert complex handwritten forms into actionable data, providing customers seamless access to customer information without risky business process transformation requirements,” a company spokesperson noted. “We believe Captricity is uniquely positioned to disrupt the insurance, healthcare and government sectors with its Data-as-a-Service solution designed to eliminate inefficient manual data entry processes,” said Teresa Chia, senior vice president at White Mountains Capital, Inc. “Captricity’s technology delivers unprecedented accuracy – even on complex handwritten forms – that allow Captricity customers to…

Link to Full Article: Data-as-a-Service Provider Captricity Raises M in Funding

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