Evolution AI develops generative AI technology for automatic data extraction from financial documents, invoices, and bank statements.

Evolution AI

Evolution AI | 4,049 followers on LinkedIn. We have revolutionised data extraction by building AI software that closely mimics how humans read documents | Enterprises worldwide spend over $40Bn annually on manually extracting data from documents. This extraordinary sum represents hundreds of millions of human hours spent on tedious, grinding, soul-crushing work which is also slow and prone to errors. The incumbent technology, OCR (optical character recognition) has been around for decades.

CEO and Chief Scientist at Evolution AI

Martin Goodson

Finance Manager | Project Manager | Agile Practitioner| AI Enthusiast

Irina Staneva, PMP, CSM

"Transforms businesses with AI-driven callbots, chatbots, and marketing tools that boost customer engagement, streamline operations, and fuel growth.…

Petr Pleva

Marketing Executive at Evolution AI

Miranda Hartley

We helped leading asset management firm Unigestion automate data extraction from quarterly reports, providing cost reductions of 75%. Read the full case study here: https://lnkd.in/d7heGYt

If we had to choose a favourite financial statement, would it be the profit & loss statement? Not sure. But we decided to write about them (and their software applications) anyway. https://bit.ly/4evHRU1

One week to go... Hugo Laurençon (AI Research Scientist, Meta) will be speaking virtually at the London Machine Learning Meetup on 'What Matters When Building Vision-Language Models?' 🗓️ Wednesday 27th November, 6:30pm GMT RSVP: https://lnkd.in/eXtSmnNe

Just under one fortnight to go until we host Hugo Laurençon (AI Research Scientist, Meta AI) at our online Meetup. RSVP here: https://lnkd.in/eXtSmnNe

We decided to skip the usual clichés about AI accounting software - that it can 'supercharge your workflow', 'revolutionise your business processes', 'it's the future of accounting, etc.! Short and sweet, our latest blog post outlines three insights about its *real* value. https://bit.ly/4frrnxu

Shoutout to our lead writer, Miranda Hartley , who recently had her post published on HackerNoon . It's a fun article that dwells on the frustrations and joys of building generative AI. Read here: https://lnkd.in/ex4ERRWs

We're featured on another podcast - check out the latest episode of 'Coffee with Innovate Finance' below. ☕ Featuring our insights on (in no particular order) transformers, class actions, cartel price fixing, financial statements and whether you can ~really~ trust data accuracy claims.

PDF vs Excel for Financial Data 📄 PDFs: Pros: looks good. Cons: often hard to edit the data. 🔢 Excel: Pros: looks good AND can edit the data. Cons: trying to manually convert a financial document PDF into Excel 😫 See below how Financial Statements AI does it seamlessly

Join us on Wednesday 27th November for a virtual London Machine Learning Meetup, which will feature a talk by Hugo Laurençon (Meta AI) on 'What matters when building vision-language models?'. Reserve your place here: https://lnkd.in/eXtSmnNe

👀 An ultra-compressed sneak peek into how to use our tool for extracting data from financial statements.

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Founder, CTO

Rafal Kwasny

Marketing and Product

Melanie Kartika Chendorain-Tulusan

Product & Business Development Manager

Paul Melkert

Engineering

Giuseppe Papallo

Product Specialist

Laurie Sotirov

Software Engineer

Lidia Mijas

Machine Learning Research Engineer

Yaniel Cabrera

Head of Business Development

Orit Meidan

Founder and CTO

Daniel Friar

Machine Learning Engineer

Mike Swarbrick Jones

Machine Learning Researcher

Roxana Lupu

Head of AI Projects

Europe, Middle East, and Africa (EMEA) Machine Learning Companies with Seed Funding

Private London Companies (Top 10K)

Private England Companies (Top 10K)

Big Data Companies With Fewer Than 50 Employees

Evolution AI works with enterprises to uncover value in data and develop a natural language processing application. Evolution AI create systems that extract structured data from unstructured text. Artificial intelligence and data science have many applications. Evolution AI was founded on 2015 and is based in London.

AI Seed

Seed Round - Evolution AI

Computer and Software Products and Electrical and Scientific Products

London

England

United Kingdom

Europe

A solution for automating data extraction from various financial documents, including bank statements, invoices, and balance sheets, with support for complex tables and financial terminology.

A library of pre-trained models that can automatically classify documents and extract data points with configurable categories and confidence scores.

A cloud-based platform where clients can extract data, perform document annotation, and QA with support and training from Evolution AI.

An end-to-end service where Evolution AI's team handles setup, quality assurance, and human-in-the-loop validation to ensure complete accuracy.

A specialized solution for extracting data from bank statements, including those with handwriting or poor-quality scans, and outputting it in various formats.

A solution for extracting data from trade finance documents, including poor-quality scans, with compliance features like KYC and adverse media checks.

United States

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Kenya

Africa

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Canada

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Evolution AI