How Xtracta hit $1.6M Revenue with 1K customers in 2022.
Xtracta provides technology, powered by artificial intelligence that automatically captures data from documents. Supporting scanned, photographed or digital documents, the technology is designed to be embedded into mobile, cloud or desktop applications via an easy to use API.
Utilising machine learning and Big Data, the technology doesn't require manual template setup and can scale to a limitless count of document designs; perfect for document types like invoices, receipts, contracts and more.
Xtracta's technology is typically used by software companies, outsourcing providers or business process solution providers. Delivered over the cloud, the technology is simple to deploy for many applications including those in the cloud or on-premise.
In 2022, Xtracta revenue run rate hit $1.6M in revenue.
Xtracta hit $1.6M in revenue in 2021
Xtracta launched in 2010 with $0 revenue
Xtracta Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
Xtracta has 19 total employees and 2 sales reps that carry a quota. They have 1000 customers an engineering team of 10
Total team size
Founder and CEO, Jonathan Spence became frustrated with the lack of innovation in the available software. Coupled with this was the high cost and length of deployment associated with templating documents and the extreme high complexity of the software.
Driven by the desire to make great quality, innovative software that was easy to use, easy to deploy and low cost, Jonathan started Xtracta in 2010 to develop the cloud-based, licensable technology that is available today. Today, the company boasts a world-class Artificial Intelligence (AI) research team who bring together their vast academic knowledge – several of whom hold PhDs in this specialist area – and commercial experience from around the world.