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§ Private Profile · Paris, France
AI Document Understanding API
Mindee has raised $16.0M across 2 funding rounds.
Key people at Mindee.
Mindee was founded in 2018 by Mohamed Biaz (Founder) and Jonathan Grandperrin (Founder).
Mindee has raised $16.0M in total across 2 funding rounds.
Documents are everywhere. Through all industries, understanding their content is a critical step of many processes that software builders throughout the globe want to automate.
We focus on the science, the AI, the deep learning to give these builders the one API they need to automate the understanding of documents and give their software human-like superpowers.
Based on three pillars:
- A product: a universal self-service platform where builders can train their own models
- A catalog of use-cases: We push critical use cases to the limits of human performances in critical markets such as Accounting software, AP Automation, Expense Management, KYC and many others
- A internal capability to make tailor-made AI: We answer to specific needs from large customers that needs a custom AI of their own to handle their use cases
Mindee was founded in 2018 by Mohamed Biaz (Founder) and Jonathan Grandperrin (Founder).
Mindee has raised $16.0M in total across 2 funding rounds.
Mindee's investors include Tiffany Luck, 01 Advisors, 2048 Ventures, 50 Partners, 8-Bit Capital, Alven, Arthur Ventures, Byld Ventures, CapitalX, Eunoia Capital Partners, Eurazeo, Expa.
Key people at Mindee.
Mindee is an AI-powered document understanding platform that offers developers and businesses APIs to automate data extraction and processing from a wide variety of documents. Its core product is a universal self-service platform where users can train custom document models alongside a catalog of pre-trained models tailored for use cases such as accounting software, accounts payable automation, expense management, and Know Your Customer (KYC) processes. Mindee serves primarily software builders and B2B companies seeking to reduce manual data entry, accelerate automation, and improve operational efficiency in document-heavy workflows[1][3][5].
Founded in 2018 by Mohamed Biaz and Jonathan Grandperrin, both passionate about deep learning and machine learning, Mindee emerged from their expertise in computer vision and OCR technologies. The founders, with backgrounds in mathematics and computer science, aimed to create AI tools that give software human-like abilities to understand documents. Early traction came from developing critical use cases in accounting and identity verification, positioning Mindee as a leader in AI document understanding APIs. The company is based in Paris, France, and has grown to about 60 employees[2].
Mindee rides the growing trend of Intelligent Document Processing (IDP), which leverages AI to automate and enhance the extraction of structured data from unstructured documents. The timing is favorable due to increasing digital transformation efforts across industries, rising volumes of document workflows, and the need for faster, more accurate automation. Market forces such as regulatory compliance (e.g., KYC), cost reduction imperatives, and the demand for scalable AI solutions work in Mindee’s favor. By enabling software builders to embed human-like document understanding capabilities, Mindee influences the broader ecosystem by accelerating automation adoption and reducing reliance on manual data entry[1][5][6].
Looking ahead, Mindee is poised to expand its AI capabilities further, pushing toward near-100% automation in document processing through continuous learning and business logic integration. Trends such as increased adoption of AI in financial services, legal tech, and healthcare will shape its growth trajectory. Mindee’s influence may evolve from a document extraction API provider to a comprehensive document automation platform, enabling more complex workflows and deeper enterprise integrations. Its ability to rapidly adapt models to new document types and maintain high accuracy will be critical to sustaining momentum and expanding market share[4][5].
In sum, Mindee empowers developers and enterprises with AI-driven document understanding tools that transform manual, error-prone processes into fast, accurate, and scalable automation workflows, aligning with the accelerating digital transformation wave across industries.
Mindee has raised $16.0M across 2 funding rounds. Most recently, it raised $14.0M Series A in October 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2021 | $14M Series A | Tiffany Luck | 01 Advisors, 2048 Ventures, 50 Partners, 8 BIT Capital, Alven, Arthur Ventures, Byld Ventures, CapitalX, Eunoia Capital Partners, Eurazeo, Expa, Felicis Ventures, Foundry Group, NEW Enterprise Associates, Outliers Venture Capital, Pareto Holdings, Pebblebed, Preston Werner Ventures, Stride VC, Vouch Insurance, Y Combinator, Dharmesh Shah, Eric Nadalin, Jean Sébastien Wallez, Jeff Seibert, John Ives, Johnny Boufarhat, Louis Beryl, Wayne Chang, Alexis LE Quoc, Nicolas Dessaigne, Bpifrance, Serena Capital | Announced |
| Jul 1, 2019 | $2M Seed | — | Alven, GPO Fund, Right Side Capital Management, Adrien DE Schompre, Celine Lazorthes, Frederic Montagnon, Julien Romanetto | Announced |