Eigen Technologies
No-code intelligent document processing and data extraction.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
* | N/A | N/A | Acquisition |
| Total Funding | 000k | ||
| EUR | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 55 % | 106 % | 7 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (505 %) | (308 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (450 %) | (286 %) | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates, Company filings or news article
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Eigen Technologies is an intelligent document processing (IDP) company that utilizes artificial intelligence and natural language processing (NLP) to extract and analyze data from complex, unstructured documents. The company was founded in 2015 by Dr. Lewis Z. Liu and Jonathan Feuer. Dr. Liu, the CEO, has a background in physics from Harvard and Oxford, where the mathematical basis for Eigen's core technology was developed from his invention of a new X-ray laser. Jonathan Feuer brought investment experience from his time as a managing partner at CVC Capital Partners.
The firm's primary offering is a no-code, AI-powered platform that allows non-technical business users to automate data extraction from various documents like contracts, reports, and policies. It employs a "small data" AI approach, enabling the system to be trained on as few as 2 to 50 sample documents, which differentiates it from machine learning models that require vast datasets. The platform combines NLP with computer vision to process diverse document formats and can be deployed on-premise or in the cloud. Key features include cell-level table extraction, automated document classification, and auditable data extractions to ensure accuracy.
Eigen Technologies operates on a subscription-based Software-as-a-Service (SaaS) model. It primarily serves clients in the financial services, insurance, and legal sectors. Notable customers include Goldman Sachs, ING, Citi, Deloitte, and Allen & Overy. The company has raised a total of $60 million in funding over four rounds, with investors including Lakestar, Dawn Capital, and Goldman Sachs. In June 2024, Eigen Technologies was acquired by Sirion, a contract lifecycle management (CLM) platform, to integrate its document intelligence capabilities.
Keywords: intelligent document processing, data extraction, no-code AI, natural language processing, unstructured data, document automation, contract analysis, financial services, machine learning, small data AI, data analytics, regulatory compliance, risk management, SaaS, computer vision, FinTech, LegalTech, InsurTech, Sirion, Lewis Z. Liu