Sissach, 13.11.23 – Parashift, a provider of machine learning-based document classification and data extraction software, has been listed in the HFS Horizons – Intelligent Document Processing Products 2023 report. This recognition underlines Parashift’s commitment to excellence and innovation, and demonstrates the positive impact its solutions are having on businesses worldwide.
Conducted by HFS, a distinguished global research and analysis firm, the HFS Horizons IDP report explores the role of Intelligent Document Processing (IDP) technology vendors in guiding clients through the implementation of transformative IDP products.
It examines in detail why, how, and with what impact these vendors are helping companies achieve their value creation objectives. The report includes detailed profiles of 26 IDP technology vendors, outlining their placement within one of the three HFS Horizons, their strengths and development opportunities.
Parashift takes pride in its inclusion within the report, securing a notable position in ”Horizon 2 – Enterprise Innovators” — a classification reserved for vendors exhibiting the HFS OneOffice™ mindset and demonstrating enterprise-level outcomes.
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
CH – 4450 Sissach
Phone: +41 61 508 77 77