Company: ABBYY
Founder, CEO: David Yang, Ulf Persson
Website: https://www.abbyy.com/
About ABBYY
With over 35 years at the forefront of document processing AI, ABBYY has consistently led innovation by combining OCR, AI, and machine learning long before the AI boom. Our decades-long focus enables us to deliver results faster and more cost-effectively.
Using cutting-edge AI technology, ABBYY empowers businesses to streamline processes, boost efficiency, and make smarter decisions. The company provides solutions for intelligent document processing (IDP), process mining, and content understanding, to help organisations digitise, classify, and extract data from documents in over 200 languages.
A global leader in intelligent automation, ABBYY helps more than 10,000 enterprise customers worldwide, including many Fortune 500 companies, to turn critical documents and data into meaningful insights.
With offices in 13 countries, the company enhances customer experiences and ensures compliance across sectors such as finance, healthcare, legal, and government.
ABBYY’s flagship platforms are reshaping how enterprises extract, understand, and act on information. The technology is designed to help businesses gain deeper insights into their operations, reduce manual workload, and improve accuracy and speed in document-heavy workflows.
• ABBYY Vantage is the industry’s first true low-code/no-code platform, built to make it easier than ever for businesses to rapidly deploy solutions to capture and extract data from documents, then deliver, process-ready content directly into systems like RPA, BPM, and ERP. No heavy lifting required.
• FineReader set industry standards by enabling software to extract text from paper documents, images, and screens. With advanced OCR, PDF conversion, and data capture, it transforms scans, photos, and screenshots into searchable, editable formats
• FlexiCapture is a powerful platform that combines AI, natural language processing (NLP), machine learning, and advanced recognition technologies to transform data from any document into actionable insights.
• With the acquisition of TimelinePI in 2019, ABBYY expanded into process intelligence, helping companies analyse and optimise business processes using AI.
ABBYY invests heavily in research and development, with a strong focus on AI and deep learning. Its commitment to innovation has earned it recognition from analysts such as Gartner, Forrester, and Everest Group, where it’s consistently rated as a leader in IDP and process intelligence markets.
The company is continually improving its offer, and in October ABBYY unveiled the Purpose-Built AI Centre, a centralised platform that simplifies access to its suite of innovative AI tools, enabling enterprises and developers to create next-generation applications with greater agility.
ABBYY also recently opened a new Research and Development Centre in Bengaluru and a Centre of Excellence in New Delhi to enhance its AI capabilities and meet the growing global demand for intelligent automation solutions.
Finally, ABBYY partners with non-profit ForHumanity to help financial services firms comply with evolving AI regulations. Together, they’re developing independent audit criteria for AI, Algorithmic, and Autonomous systems, supporting ethical and transparent use of AI.
The initiative reinforces ABBYY’s long-standing commitment to trustworthy AI and risk management in regulated industries like banking and finance.
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