Reducto Announces $108M in Funding to Define the Future of AI Document Intelligence

Reducto, a company specializing in AI Document Intelligence, has announced $108 million in total funding, including a recent $75 million Series B led by a16z, to advance its mission of converting complex documents into data ready for large language models (LLMs). In less than two years, Reducto has established itself as a leader in processing unstructured data, such as PDFs and spreadsheets, with its innovative Parse API that combines traditional computer vision and Vision-Language Models (VLMs). The company serves a broad spectrum of clients, from cutting-edge AI startups to major enterprises in various industries, including a Fortune 10 company and a Global Top 5 Hedge Fund. With a 6x increase in monthly processing volume over six months and over a billion pages processed, Reducto aims to further enhance its capabilities by expanding its Agentic OCR framework and introducing new flexible pricing to make their technology accessible to both early-stage teams and large enterprises. The funding will also support ongoing research and product development as Reducto continues to scale and hire across multiple disciplines to achieve its vision of connecting human data with AI.