LumenAI

Established in 2015 and headquartered in Paris, France, LumenAI operates as a B2B enterprise software provider specializing in deep tech and artificial intelligence. The company focuses on developing custom machine learning programs designed to automate and streamline document-intensive business processes for corporate clients.

LumenAI's core offering is a highly customizable and secure platform that automates end-to-end document extraction and processing. The system is engineered to handle a wide array of document formats, including structured tables, handwritten notes, images, PDFs, and unstructured free text, making it template-agnostic. Its capabilities include the automatic identification and categorization of documents, extraction of specific data points, cross-document data comparison for consistency, and validation of forms. The platform also leverages Generative AI, featuring a chatbot that allows clients to query the extracted data directly.

The business model appears to be based on a B2B subscription service. LumenAI targets industries with heavy document workflows, such as shipping, insurance, healthcare, and banking. Specific use cases include the automation of processing bills of lading, insurance claims, patient referral forms, and credit approval memos. For a shipping client, the company reported automating 80% of their document processing, which resulted in a cost reduction per document from $1 to 5 cents. The firm received seed funding from Keyrus Innovation Factory in June 2018.

Keywords: document automation, data extraction, enterprise software, machine learning, B2B SaaS, deep tech, process automation, workflow automation, intelligent document processing, generative AI, AI for banking, AI for insurance, AI for healthcare, financial technology, Paris tech, document analysis, data validation