Invofox
YC S22Madrid, ES · Founded 2015 · 12 employees · 3 known investors
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295 people in our graph share verified history with the Invofox team — schools, employers, funds. One of them is your warm intro.
Tim Schmidtunlockedknows Adrian Ramirez · together at University of Nottingham (overlapped)
knows the team · via University of Nottingham
×4knows the team · via Universidad Autónoma de Madrid
×6knows the team · via Universidad Politécnica de Madrid
Invofox provides AI-powered document processing technology that software companies can integrate to automatically extract and process invoices, receipts, bills of lading, and similar documents for their end users.
Founders & leadership· Y Combinator alumni (S22)
Invofox was founded in 2015 by Alberto Gimeno, Carmelo Juanes, and Adrian Ramirez.
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Alberto GimenoinCEO and Co-FounderAlberto Gimeno has a background in computer science and mathematics, and worked as a developer before transitioning to sales roles.
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Carmelo JuanesinCo-Founder y CTOCarmelo Juanes is a computer scientist and mathematician with research experience at CSIC who works as a full stack web developer.
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Adrian RamirezinCo-Founder/CDOAdrian Ramirez holds a background in computer engineering and mathematics, with research experience and expertise in machine learning and deep learning frameworks.
Investors · 3
Competitors · 10
by search overlap
Docsumo6 shared keywordsDocsumo provides APIs and document processing platform to extract data from unstructured documents across industries including insurance, banking, and logistics. The platform enables businesses to automate document data capture with 90%+ touchless processing capabilities.
Ocrolus4 shared keywordsOcrolus provides cash flow analytics and document processing tools for lenders and financial institutions to make funding decisions for small businesses. The platform analyzes bank statements and transaction data to assess borrower creditworthiness and supports loan origination at scale.
Abbyy4 shared keywordsABBYY builds AI-based intelligent automation software for enterprises, including intelligent document processing that extracts data from documents in any format or language and process intelligence that provides insights into business process execution. Its products help large organizations turn document data into actionable intelligence to support faster decision-making.
Lido4 shared keywordsLido automates data extraction from bills of lading and waybills for logistics firms, using OCR to pull shipping details with high accuracy and reconcile them against transportation management or ERP systems. The solution targets mid-market logistics companies seeking to reduce billing delays and manual data entry errors in their audit processes.
Automation Anywhere3 shared keywordsAutomation Anywhere provides robotic process automation (RPA), intelligent document processing (IDP), and agentic automation solutions for enterprise customers. The platform helps organizations automate business processes and document workflows.
Blue Prism3 shared keywordsSS&C Blue Prism provides an agentic automation platform that combines AI, RPA, orchestration, and process mining to help large enterprises automate complex workflows with built-in governance and security. The platform is designed for highly regulated industries including financial services, healthcare, insurance, and manufacturing.
Mindee3 shared keywordsMindee provides an AI-powered OCR API that extracts structured data from documents including invoices, receipts, passports, and other formats, converting unstructured documents into JSON with high accuracy. The platform serves businesses across industries that need to automate document processing workflows without requiring model training.
Templafy3 shared keywordsTemplafy provides an AI-powered platform that automates document creation and management for enterprise customers, helping them reduce manual work, ensure compliance, and drive revenue growth. The platform helps large organizations standardize documents, maintain brand consistency, and free up employees to focus on higher-value work.
Vaultedge3 shared keywordsVaultedge offers a Document AI suite that classifies and extracts data from documents, verifies information across sources, and automates compliance checks, with a focus on mortgage and loan processing. It integrates with loan origination systems such as Ellie Mae Encompass, Calyx, and Black Knight Empower to reduce processing time and improve underwriter productivity.
NanoNets3 shared keywordsNanonets provides AI agents that automate document-heavy, complex business processes by extracting structured data from documents like invoices and purchase orders, then executing workflows across finance, operations, and healthcare systems. The platform integrates with existing enterprise tools and uses a proprietary OCR model to handle edge cases that undermine agent reliability.
Companies competing with Invofox for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Invofox do?
- Invofox provides AI-powered document processing technology that software companies can integrate to automatically extract and process invoices, receipts, bills of lading, and similar documents for their end users.
- Who founded Invofox?
- Invofox was founded by Alberto Gimeno, Carmelo Juanes, Adrian Ramirez in 2015.
- Who are Invofox's investors?
- Invofox's investors include Dozen Investments, Y Combinator, ACE & Company.
- Where is Invofox headquartered?
- Invofox is headquartered in Madrid, ES.