Reducto

About Reducto

Financials

Dated, source-cited figures. Estimates are marked.

Products by Reducto

All products by Reducto reviewed by our AI panel of experts.

ReductoAI Document Processing

The agentic document platform for parsing, extracting, and editing at scale

Pricing on request7.7/10

How Our Review Panel Scores Reducto

Six independent reviewer personalities assessed Reducto's product on their own terms. They disagreed by 1.2 points — The Finance Lead was the hardest to convince, The Decision Maker the most positive.

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Reducto competes with, and how they differ.

Unstructured8.0/10

Open-source-rooted ETL pipeline for unstructured data with a broad connector ecosystem across dozens of file types and destinations, positioned as infrastructure to feed vector databases and LLM pipelines, versus Reducto's narrower focus on high-accuracy parsing of complex tables and forms via a paid API and Studio workspace.

1 product reviewed on TopReviewed

LlamaIndex (LlamaParse)8.0/10

LlamaParse is bundled inside the broader LlamaIndex RAG/agent framework and priced on a page-credit model aimed at developers building retrieval pipelines, while Reducto sells a standalone parsing/extraction API and no-code Studio aimed at enterprise accuracy on dense financial and legal documents.

1 product reviewed on TopReviewed

Instabase7.6/10

Instabase is an enterprise IDP platform built around its own fine-tuned foundation models and a low-code app-building studio sold to large regulated enterprises, competing with Reducto for the same Fortune 10 document-automation budgets but with a heavier, more customizable deployment model.

1 product reviewed on TopReviewed

Hyperscience7.8/10

Hyperscience sells a mature, on-prem-capable intelligent document processing platform to large regulated enterprises (insurance, banking, government) with human-in-the-loop review workflows, a heavier and more compliance-oriented product than Reducto's API-first, LLM-native parsing platform.

1 product reviewed on TopReviewed

Mindee7.8/10

Mindee focuses on pre-built, industry-specific extraction APIs (invoices, receipts, IDs) priced per document, a narrower and more templated approach than Reducto's general-purpose ingestion API built for arbitrary complex documents feeding LLM pipelines.

1 product reviewed on TopReviewed

Company Timeline

Key milestones in Reducto's history, with sources.

1. May 2026Acquisition

   Acquired Opennote

   Reducto acquired AI learning startup Opennote (Y Combinator S25), bringing its team into Reducto to build out "document agent" capabilities; deal terms were not disclosed.

   americanbazaaronline.com
2. Oct 14, 2025Funding

   Series B — $75M led by Andreessen Horowitz

   Reducto raised a $75M Series B led by Andreessen Horowitz, with existing investors Benchmark, First Round Capital, BoxGroup, and Y Combinator participating, bringing total funding to $108M.

   finance.yahoo.com
3. Apr 25, 2025Funding

   Series A — $24.5M led by Benchmark

   Reducto raised a $24.5M Series A led by Benchmark, with First Round Capital, BoxGroup, and Y Combinator participating, bringing total funding to nearly $33M.

   finance.yahoo.com
4. Oct 2, 2024Funding

   Seed — $8.4M led by First Round Capital

   Reducto raised an $8.4M seed round led by First Round Capital, with Y Combinator, BoxGroup, SVAngel, and Liquid2 also participating alongside angel investors including Dropbox founder Arash Ferdowsi.

   businessinsider.com
5. 2023Founded

   Founded by Adit Abraham and Raunak Chowdhuri

   Reducto was founded in 2023 by CEO Adit Abraham and CTO Raunak Chowdhuri, and joined Y Combinator's Winter 2024 batch before raising its seed round.

   businessinsider.com