AI Doc Processing Platform Zuva Secures $20M, Plans to Double Workforce
AI-powered document processing platform Zuva has secured $20 million in Series A funding, led by New York-based Insight Partners. The company aims to expand its workforce to 50 employees by the end of 2021.
Zuva, a spinout from Kira Systems which was acquired by Litera in August, has already signed on three customers since its launch. The fresh funding will be utilised for hiring, product development, sales and marketing, and R&D for current and future products. The company currently employs 35 people and expects to double its workforce by the end of the year.
With the new funding, Zuva is well-positioned to grow its team and enhance its AI-powered document processing platform. The company's early customer traction and expansion plans indicate a promising future in the AI space.
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