Exclusive: Reducto, AI document parsing startup, raises $24.5 million Series A led by Benchmark

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Reducto has raised a $24.5 million Series A, led by Benchmark, Fortune can exclusively report.

Abraham and his Reducto cofounder Raunak Chowdhuri met as students at MIT, and cut their teeth in AI spending time at Google and Nvidia, respectively.

And for AI startups serving enterprises, Puttagunta added, “their customers are demanding that they be able to meet them where they are today—which means they have to be able to process documents intelligently.

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Article Details

Author / Journalist: Allie Garfinkle

Category: EconomyBusiness

Markets: United States

Topics: Private equity Term Sheet Venture Capital Startups A.I.

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 11:50:34 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 572 words

Reading Time: 4 minutes read

Sentences: 6 lines

Sentence Length: 96 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28207040

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Official Website: fortune.com

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