Ripcord is the world’s first robotic digitization company and is on a mission to take the world paperless.
Ripcord is transforming the $25B records management industry through robots that scan, index and categorise paper records, making them searchable on the cloud and integrated into existing enterprise systems. Enterprises across all industries and functions around the world have a paper problem.
Ripcord is the first company that combines robotic digitisation, Machine Learning (ML) and Artificial Intelligence (AI) to tackle the paper problem with intelligent records management.
Artificial and Machine Learning models tap into the knowledge graph to uncover patterns which offer more efficient, predictable, and relevant search results. Business critical data can be automatically extracted and integrated into enterprise systems such as Oracle, SAP, and Salesforce via Ripcord’s API framework.
We generate millions of proof-of-delivery records annually and need to bill them quickly, Ripcord enables us to have this data in less than 7 days.
Ripcord significantly reduced time to assess our customer's Oil Well data from paper records, to make strategic decisions in 3 weeks vs. 6 months.
The process from taking your business from paper to data starts with accelerated document preparation. Over one billion pages are processed per year, using sensors and software automation to create a digital twin of information. Robots complete document preparation and scanning at 10x the speed of the traditional process.
Next comes document scanning where high-quality cameras capture every detail in full colour at 600 dpi.
Our machine learning algorithms are trained on a large and ever-growing dataset, enabling high accuracy OCR. Records are then uploaded to repository through Canopy which makes every document available with sub-second search, all stored as fully searchable PDFs.
Telstra Ventures invests in market leading, high growth technology companies with exceptional products and leaders.