Captricity, a technology company that seeks to acelerate the pace of digitizing documents across healthcare, government and nonprofits, has closed a $35 million Series C round led by White Mountains Insurance Group.
Previous investors that also took part in the round included Accomplice and Social Capital. The company has raised $49 million to date with the support of angel investors.
Among its healthcare customers are Humana and InVentivc Health. The U.S. Food and Drug Administration also uses its technology. Captricity worked with the FDA to digitize paper reports submitted to MedWatch, the FDA’s Safety Information and Adverse Event Reporting Program as part of its OpenFDA program.
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Users capture images of non-digital documents using a camera, smartphone, scanner, or copy machine. Captricity will capture the writing and export it to the tool of their choice.
Last year, it bolstered its team with a few key hires including Angshuman “Angshu” Guha as chief scientist and Linda Kim as head of information security. Guha previously worked in handwriting recognition and other machine learning problems at Google and Microsoft. His role has been to help Captricity implement the latest machine learning practices, and novel approaches to deep learning. Kim is an information security professional with 10 years of experience in enterprise SaaS and government sectors across healthcare among other areas.
Kuang Chen is the CEO and founder of Captricity. He took part in MedCity News’ ENGAGE conference in 2014.
Photo: Flickr
