Offerings such as Parashift’s Artificial Intelligence will further optimize data extraction and automated filing within d.velop solutions in the future
Sissach, 11 July 2023 – Parashift, a Swiss innovator in the field of AI-based document extraction, and d.velop, a leading German platform provider of software for digitizing document-related business processes, are entering into a new partnership with immediate effect.
The cooperation of the two companies is based on their joint strategy to support organizations in digitizing and automating their document processes and is part of a comprehensive AI initiative of d.velop. As part of the “Documents Intelligence Strategy” for the flexible integration of leading AI technologies and thus for usability in the products and apps on the d.velop platform, the content services provider wants to make the latest Deep Learning and Large Language approaches directly usable in a scaling manner to its more than 13,350 corporate customers and millions of private users:inside already in the standard.
“We are very excited about the new collaboration with Parashift,” said Rainer Hehmann, co-CEO and board member of d.velop AG. “The combination of our competencies opens up completely new possibilities for our customers to optimize their document processes with the support of artificial intelligence for a wide variety of document types in the simplest way possible and to implement their digital innovation projects based on their use cases. Together, we will develop innovative solutions to meet the growing demands of the digital transformation of the working world.”
“With this partnership, we see the opportunity to expand our fast-growing content services platform with a strong new player and thereby further strengthen our marketing activities in the DACH region and throughout Europe,” adds the co-CEO and board member, Sebastian Evers.
“The partnership with d.velop is a big step forward for us,” says Alain Veuve, founder and CEO of Parashift AG. “We share the same vision to help companies manage their document-based processes and make the benefits of AI technology accessible to them. Starting with automated document classification and information extraction, we will gradually expand the scope of collaboration and help our customers optimize their workflows.”
As d.velop expands its comprehensive AI initiative, additional AI providers with different strengths will provide additions to the d.velop platform in the future to build a network of strong artificial intelligence partners. The project, which was launched this year, reflects the consistent further development of the platform idea at d.velop. Customers should thereby have easy access to new innovations in the field of AI integrated into the d.velop solutions and the products of the app builders. This will be implemented with the greatest possible security in mind, using state-of-the-art technology.
The d.velop Group, with main locations in Gescher, Meppen and Kiel, develops and markets standard software for the end-to-end digitization of document-related business processes and offers these for SaaS, on-premises and hybrid use. The product portfolio ranges from compliance-capable document repositories or archives and digital files to internal collaboration and external collaboration beyond organizational boundaries. The d.velop platform offers customers from a wide range of industries, regions and company sizes, as well as app builders, the opportunity to use an exponentially growing app portfolio with a multitude of industry solutions and integrations at the touch of a button. The internationally operating network of around 400 partners makes d.velop platform products and excellent service available worldwide. Products from d.velop are currently in daily use by more than 13,350 business customers with over 3.25 million users. In fiscal year 2022, d.velop was able to generate around 100 million euros in sales and increase cloud sales alone by 120 percent compared to the previous year.
Press contact d.velop
Principal Communications Manager
Phone +49 2542 9307-0
Hotwire for d.velop
Phone +49 170 8618890
Parashift AG, founded in 2018, is a deep-tech company focused on autonomizing document extraction through machine learning. Parashift is domiciled near Basel, in Switzerland, and employs about 40 people in machine learning, engineering, and development. Forbes named Parashift as one of 30 promising AI startups in Europe.
Press contact Parashift
Main Street 134
CH – 4450 Sissach
Phone: +41 61 508 77 77