‘Social Good’ Startup Captricity Raises M to Expand Automation Platform

While most enterprises we cover are focused on scaling their infrastructure and with it their growth, a small but growing number of “social good” enterprises are looking for ways to leverage information technology to solve less sexy but equally important problems. Some are even attracting investors. A case in point is Captricity Inc., a startup that has come up with a cloud-based “data-as-a-service” platform that uses deep learning techniques to decipher hand-written forms that still tend to dominate in the healthcare and insurance sectors. Captricity, Oakland, Calif., said Tuesday (Jan. 19) it has raised an additional $35 million in venture capital in a Series C funding round led by White Mountains Insurance Group (NYSE: WTM). The latest funding round brings Captricity’s total venture funding to $49 million. Among the startup’s…


Link to Full Article: ‘Social Good’ Startup Captricity Raises M to Expand Automation Platform