Cinnamon Pvt. Ltd. was founded by Dr. Hajime Hotta, Miku Hirano and Yoshiaki Ieda in October 2012. It is a Tokyo-based company. The company uses AI technology to automate -extracting data from documents.
Documents are an essential component in the lives of both individuals and corporations. An individual must have documents like his birth certificate, national ID card, passport, bills, bank statement, etc. Corporations also use documents pertaining to their customers, invoices, payrolls, business contracts, taxes, etc. When people in various departments like HR, CRM, Finance, etc., process the data in the documents, it leads to a waste of time. People can spend hours analyzing documents at minimal productivity. The probability of a human error is also high. Rectifying human errors will again lead to a waste of time and will earn companies a bad reputation.
To eliminate all the human weaknesses involved in processing documents, Cinnamon has developed software called, Flax Scanner. It can scan and process the data in almost any documents like a Word File, an Excel Sheet, a PDF document, a handwritten note, a fax file, or just an ordinary printout. It scans the data in the documents and processes the data using AI technology to make a meaningful interpretation. It then presents the data in a table to enhance readability. The data is 99% accurate and very concise. People can act according to the tabularized data in a short period of time. No need to spend long hours analyzing lengthy documents.
This software greatly enhances the productivity of employees and increases the profitability of companies. It eliminates the probability of a human error, safeguarding the reputation of companies. If an average human takes half an hour to process a lengthy document, Flax Scanner can do it in a minute! This software is in high demand by corporations all over the world and will revolutionize the way they work. Corporations will become highly efficient and dependable.
There will be no more disputes in the disbursal of salaries and bonuses. There will be no more doubts about business contracts. Customer management will be easier as the history of data is readily available. Vehicle timings can be analyzed easily. There will be no more tax disputes or tax arrears. The list of benefits is endless. Employees can also get more creative in their work as the software frees up time for them to think about other things.
The company has so far secured USD $17 million via VC funding. Its latest round of funding was the Series B round of funding, led by SMBC Venture Capital during January 2019. The company secured USD $6 million in the process.
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