Parashift

Parashift AG, founded in 2018, is a deep-tech company focused on empowering document processing through Machine Learning. Parashift is headquartered in Switzerland and employs nearly 40 engineers in Machine Learning, platform development and business development. Companies from SMEs to large corporations use Parashift to categorizes document types and extract business-relevant data with ease. Contrary to popular belief, document processing is anything but solved. Parashift's ML-based approach delivers results on a large variety of document types that have never been achieved in the industry before. Based on Parashift's Swarm-Learning approach combined with is no-code platform high setup and running costs are a thing of the past. Parashift takes a radically different approach by building a global data network that enables out-of-the-box capabilities that reduce implementation costs by up to four times. This allows organizations worldwide to automate not only the high-volume document use cases that often represent only a fraction of the documents circulating in the enterprise, but also those that were not previously economically attractive. More than 130 companies from FSI, logistics, real estate, and other sectors are working with Parashift to automate digital processes, solve media breaks, and drive enterprise-wide agility while improving customer satisfaction.