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Scrypt AI Closes Seed Funding from Fintech Leaders


Scrypt AI Closes Seed Funding from Fintech Leaders
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CAMBRIDGE, Mass. (PRWEB)
April 01, 2021
Scrypt AI announced that it has closed its first round of funding in direct response to overwhelming demand for artificial intelligence solutions for treasury management. Scrypt AI will use the funding to scale its market ready products across several industry sectors, having just announced that its software has been used to process thousands of invoices worth over $1B.
Founded in late 2020 as a spin off from MIT machine learning company Composable Analytics, Inc., Scrypt AI has operationalized an end-to-end AI data capture platform for automatic document digitization and payment processing. “We’re seeing a tremendous demand for efficient financial operations,” said Andy Vidan, CEO. “Scrypt AI applies artificial intelligence in a unique way to augment humans and automate workflows. ....

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