Nanonets

Nanonets is a document automation company founded in 2017 by Sarthak Shah and Prathamesh Juvatkar, headquartered in San Francisco, California. The company builds software that extracts structured data from unstructured documents such as invoices, receipts, purchase orders, and forms using optical character recognition and machine learning models.

The platform supports end-to-end accounts payable automation, invoice processing, and broader intelligent document processing workflows. Customers can train custom models on their own document types or use pre-built models for common formats. The company has reported processing over a billion documents annually and counts a significant share of Fortune 500 companies among its users, with use cases spanning finance, logistics, healthcare, and retail.

Nanonets raised a Series A round of approximately $29 million, with investors including Elevation Capital. The company employs roughly 100 to 200 people. In 2023, Nanonets expanded its product scope beyond pure OCR toward broader workflow automation, including integrations with ERP systems and tools such as SAP, QuickBooks, and NetSuite.