Who founded Veryfi, Inc.?

Veryfi, Inc. was founded by Dmitry Birulia, Ernest Semerda in 2017.

Who are Veryfi, Inc.'s investors?

Veryfi, Inc.'s investors include Act One Ventures, NewView Capital, Y Combinator.

How much funding has Veryfi, Inc. raised?

Veryfi, Inc. has disclosed $18.8M raised across 1 round.

Where is Veryfi, Inc. headquartered?

Veryfi, Inc. is headquartered in San Francisco, US.

Veryfi, Inc.

YC W17

San Francisco, US · Founded 2017 · Delaware corporation · 70 employees · Hiring · 3 known investors

Veryfi builds an AI-powered data extraction and processing platform that converts unstructured documents like receipts and invoices into actionable business insights. The platform serves enterprises and startups across industries seeking to automate document-based workflows and reduce manual data entry.

Also known as IQB Labs · IQBoxy · Veryfi

AI & Machine Learning Data & Infrastructure Enterprise Software SaaS Artificial Intelligence Computer Vision Finance API AIUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W17)

Veryfi, Inc. was founded in 2017 by Dmitry Birulia and Ernest Semerda.

Dmitry Birulia in 𝕏CofounderDmitry Birulia holds a Master's degree in Computer Science and immigrated to the US from Belarus in 2009. He previously led engineering teams at Coupons, Inc. (NYSE: QUOT) and cofounded Veryfi in 2017 to build data extraction and transformation infrastructure.

Ernest Semerda in 𝕏CofounderErnest Semerda cofounded Medlert (later VectorCare), a healthcare logistics platform used by major hospital systems including Kaiser and Sutter, and led international engineering at Quotient Technologies before cofounding Veryfi, a data extraction platform.

Investors · 3

Act One VenturesLos Angeles · $1M – $3M

NewView CapitalBurlingame

Y CombinatorSan Francisco · $500K

Reported raises · per SEC filings

Form D private placements

$18.8M disclosed across 1 round · 2021

▶$18.8MraisedApr 2021 · 7 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Ernest SemerdaExecutive Officer, Director
Dmitry BiruliaExecutive Officer, Director

Offering amount: $18.8M
Amount sold: $18.8M
Minimum investment: $50K
First sale: Mar 2021
Incorporated: Corporation, Delaware, 2016
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 7

by search overlap

Netezza301 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.

NanoNets256 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.

Docsumo233 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.

Klippa195 shared keywordsKlippa (now Doxis) provides AI-driven document processing and expense management software that automates document workflows, converting documents into structured data via interface, APIs, or SDK. Its products include SpendControl for finance teams to handle digital expense claims, invoice processing, and corporate credit cards, and Doxis AI.dp for intelligent document processing, OCR, and identity verification.

Stripe178 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.

Intuit®171 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.

Bill.com Holdings, Inc.165 shared keywordsBILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses. The platform processes over $345 billion in annual payment volume and serves nearly 500,000 customers across the US and 130+ countries.

Companies competing with Veryfi, Inc. for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does Veryfi, Inc. do?: Veryfi builds an AI-powered data extraction and processing platform that converts unstructured documents like receipts and invoices into actionable business insights. The platform serves enterprises and startups across industries seeking to automate document-based workflows and reduce manual data entry.
Who founded Veryfi, Inc.?: Veryfi, Inc. was founded by Dmitry Birulia, Ernest Semerda in 2017.
Who are Veryfi, Inc.'s investors?: Veryfi, Inc.'s investors include Act One Ventures, NewView Capital, Y Combinator.
How much funding has Veryfi, Inc. raised?: Veryfi, Inc. has disclosed $18.8M raised across 1 round.
Where is Veryfi, Inc. headquartered?: Veryfi, Inc. is headquartered in San Francisco, US.