10+ Best Optical Character Recognition Softwares 2023

Hypatos is using AI and computer vision to speed up financial document processing for corporate use cases including invoicing, travel and expenditure management, loan application validation, and insurance claims handling via — boasting a training data set of over 10 million annotated data points. Hypatos, a process automation business has secured €10 million ($11.8 million) in a seed round from Blackfin Tech, Grazia Equity, UVC Partners, and Plug & Play Ventures.

Docparser is a program that automates document processing and workflows. To be more specific, Docparser assists you in automatically extracting data from PDF documents and copying it to where it goes. Docparser brings in $1 million in revenue.

Grooper is an intelligent document processing and digital data integration technology that enables businesses to extract valuable information from unstructured data such as paper and electronic documents. The anticipated yearly income of BIS - Software and Technology for Your Business is now $13.9 million.

Ephesoft Transact is a cloud-based or on-premises smart content collection and data categorization system that pulls relevant data from documents in any format. This information is sent into your back-office systems, which speeds up business transactions and procedures. The yearly revenue of Ephesoft's is projected to be $23.9 million.

The Best in the World. A platform for Intelligent Automation. Replace manual labor with cognitive automation to save millions of dollars, improve capacity, streamline customer interactions, and upskill your workforce to do more meaningful work. WorkFusion's yearly revenue is now expected to be $47.4 million dollars. In May 2018, WorkFusion secured $50.0 million in venture capital investment. WorkFusion has received $341.3 million in total investment.

Kofax Inc. is a software company based in Irvine, California that specializes in process automation. Kofax, which was founded in 1985, offers document intelligence, process orchestration, and linked systems as part of its digital workflow transformation solutions. By 2020, 500 million dollars was the estimated revenue.

Rossum is a cloud document gateway powered by artificial intelligence for automated corporate communication. Rossum automates four essential phases in document-based processes: receiving documents across various channels, automatic comprehension, two-way communication to resolve problems, and acting on the data through deep connections. $10.2 million is Rossum's yearly revenue

Amazon Textract is a machine learning (ML) service that extracts text, handwriting, and data from scanned documents like PDFs using optical character recognition (OCR). Form Extraction with Optical Character Recognition (OCR). Extraction from a table. It has an annual revenue of $20 billion.

ABBYY FineReader PDF is a complete PDF solution that combines ABBYY's cutting-edge OCR technology with a powerful set of additional capabilities to generate, edit, and transform all types of PDF documents. ABBYY's intelligent capture revenue increased by 34%, outpacing the market by five times, resulting in a significant increase in total capture market share. According to IDC, the global enterprise capture software market is anticipated to reach $1.2 billion by 2022.

INTSIG is a leading developer of cutting-edge mobile applications for pattern recognition and image processing. INTSIG, which holds hundreds of IPRs and patents for OCR/Handwriting Recognition/Image Processing, creates simple yet effective programs such as CamCard, CamScanner, CamDictionary, and Backup - IS Contacts Kit for a variety of mobile phones and platforms (iOS/Android/BlackBerry/Windows Phone). These solutions allow users to access and manage digital material from any location at any time, and they are multilingual.