Captricity - Company Profile

Cloud-based SaaS solution that converts information from paper to digital data effectively. Integrates with business processes for all data in the form of handwritten forms, scans, emails, faxes, mobile inputs. Provides data capture service on a subscription basis. It uses multiple Optical Recognition Systems(OCR) to process the inputs. It shreds uploaded documents into fields, extracting and validating the information using a combination of machine-learning algorithms and human verification. Individual data fields are extracted, then processed out of context from the rest of the document by crowdsourced data entry workers. Proprietary algorithms ensure that each worker sees only one shred from each document—100 percent HIPAA compliant and U.S. government-trusted. Angels include Chamath Palihapitiya, Dave Goldberg, Mitch Kapor, and Reid Hoffman. Using Captricity’s cloud-native and machine learning platform, insurance companies can capture, extract, classify and validate customer data which helps in claims processing.