Docsumo, a document AI startup that helps enterprises make automated decisions from customer documents has recently raised $3.5 Million (approximately 43 crores NPR) in seed capital. The company was co-founded by a Young Nepali Data Scientist turned Entrepreneur, Mr. Bikram Dahal along with his Indian counterpart Mr. Rushabh Sheth in January 2019. The startup’s core technology is fueled by Nepal’s homegrown Data Scientists and Engineers that help businesses read financial documents automatically and make decisions based on it.
The investment round was led by Common Ocean with participation from Fifth Wall, Arbor Realty Trust, and existing investor Better Capital. The startup plans to utilize the fresh funds…
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