Captricity Reports Record Growth in 2014 with Major Customer Wins and Expanded Management Team
Captricity's growth in 2014, the strongest year in its history, comes as more organizations and federal agencies focus on eliminating manual data entry from existing processes to reduce costs, increase operational efficiency and enhance the customer experience, and thereby increase their data fluency and competitive edge.
Founded by Berkeley Computer Science PhD
"New York Life Insurance Company is pleased to be partnering with Captricity as we explore new technologies to innovate data entry processes," said
Captricity's product team also launched major enhancements to the Data-as-a-Service platform in 2014. New features included the Assisted Template Creator, helping to make the award-winning, self-serve UX easier to use, and the Data Hub, which standardizes data in a single, unified database that can be loaded seamlessly into backend systems.
"Imagine if regulated industries such as insurance, healthcare and government had the same data fluency as Amazon or Google. Why shouldn't a government agency or life insurer be able to make data-driven decisions with modern competency?" said Captricity founder and CEO,
In addition, the company added three key hires to its executive team.
As part of its mission to democratize data access, Captricity also launched Captricity.org in 2014, enabling non-profits to receive the company's services at deeply discounted rates. The initiative has so far helped organizations including Young 1ove, Innovations for Poverty Action, The Challenge and
In
Chen founded Captricity following his dissertation research in
About Captricity
Captricity is the first cloud-native Data-as-a-Service platform that captures and converts data generated by paper forms and documents – including handwriting – into business-ready data, with an industry leading accuracy rate of more than 99.9%. Captricity's award-winning, crowd-guided machine learning technology extracts data from any source – paper documents, scans, faxes, emails, call centers and web forms – and automatically connects to organizations' existing backend systems without changing the way they work. Captricity customers include organizations from the insurance, healthcare, government, financial services and non-profit sectors. Learn more at www.captricity.com.
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