Extend's $17 Million Funding: A Leap into Document Processing Revolution
June 18, 2025, 10:09 am
Location: Costa Rica, San Francisco
Employees: 201-500
Founded date: 2015
Total raised: $563M
Location: United States, California, Mountain View
Employees: 51-200
Founded date: 2005
In the bustling world of technology, where innovation is the lifeblood, Extend has emerged as a formidable player. The New York City-based company recently secured $17 million in Series A funding, a move that signals its ambition to reshape the document processing landscape. This funding round was led by Innovation Endeavors, with notable participation from Y Combinator, Homebrew, Character, and influential angel investors like Scott Belsky and Guillermo Rauch.
Extend is not just another tech startup; it’s a beacon of change in the realm of document processing. The company’s platform harnesses the power of artificial intelligence, specifically large language models (LLMs), to tackle the complexities of unstructured documents. In a world where data is often chaotic, Extend brings order.
The document processing industry has long been plagued by inefficiencies. Traditional optical character recognition (OCR) systems and fragmented tools have left businesses grappling with accuracy issues. Companies often find themselves entangled in a web of unreliable processes, spending months stitching together solutions that barely meet their needs. Extend cuts through this chaos like a hot knife through butter.
With its advanced parsing engine, Extend can handle everything from messy handwriting to complex tables. This capability is crucial for industries where precision is non-negotiable—think healthcare, finance, and logistics. In these sectors, a single error can have significant repercussions. Extend’s platform promises over 95% accuracy, transforming raw PDFs into structured, validated data in record time.
The momentum behind Extend is palpable. The company has already achieved multi-million dollar annual recurring revenue, surpassing the total capital raised in its seed round. This rapid growth is a testament to the demand for reliable document processing solutions. Kushal Byatnal, the co-founder and CEO, emphasizes the company’s mission: to help teams unlock the full potential of their documents.
The funding will be strategically deployed to scale Extend’s engineering and go-to-market teams. It will also fuel further research and development, accelerating product evolution. The introduction of a self-serve version of Extend’s platform is a game-changer. It allows teams to dive in and start processing documents immediately, eliminating the lengthy onboarding processes that often plague tech solutions.
Extend’s technology is not just about automation; it’s about empowerment. By providing developers with modern APIs and intuitive tools, Extend enables companies to transition from prototype to production in days rather than months. This agility is a significant advantage in today’s fast-paced business environment.
The impact of Extend’s platform is already being felt across various industries. Brex, a modern finance platform, has integrated Extend into its document workflows, enhancing its service for over 30,000 customers. The ability to reliably extract data from documents is a game-changer for businesses that rely on accurate information to drive decision-making.
The challenge of extracting data from documents has long been a thorn in the side of many organizations. Eli Badgio, co-founder and CTO, highlights this struggle, noting that documents often serve as the system of record for critical business data. Extend aims to change this narrative by delivering state-of-the-art accuracy right out of the box.
As Extend continues to grow, it is setting a new standard for document intelligence. The combination of cutting-edge LLMs with essential developer tools creates a robust ecosystem for processing complex documents. This full-stack approach not only automates existing workflows but also opens the door to innovative features that can differentiate businesses in competitive markets.
The future looks bright for Extend. With a roster of clients that includes Fortune 500 companies, the platform is proving its worth in high-stakes environments. The ability to process millions of documents with precision and reliability is a significant selling point.
In a world where data is often seen as the new oil, Extend is the refinery. It transforms raw, unstructured information into valuable insights that drive business success. The company’s vision is clear: to redefine how organizations interact with their documents.
As the funding news reverberates through the tech community, one thing is certain: Extend is poised for greatness. The combination of strategic investment, innovative technology, and a clear mission sets the stage for a new era in document processing.
In conclusion, Extend’s $17 million funding round is more than just a financial boost; it’s a signal of the company’s potential to revolutionize an industry. With its AI-native platform, Extend is not just keeping pace with the future; it’s leading the charge. The journey ahead is filled with promise, and the world will be watching as Extend continues to break barriers and set new standards in document processing.
Extend is not just another tech startup; it’s a beacon of change in the realm of document processing. The company’s platform harnesses the power of artificial intelligence, specifically large language models (LLMs), to tackle the complexities of unstructured documents. In a world where data is often chaotic, Extend brings order.
The document processing industry has long been plagued by inefficiencies. Traditional optical character recognition (OCR) systems and fragmented tools have left businesses grappling with accuracy issues. Companies often find themselves entangled in a web of unreliable processes, spending months stitching together solutions that barely meet their needs. Extend cuts through this chaos like a hot knife through butter.
With its advanced parsing engine, Extend can handle everything from messy handwriting to complex tables. This capability is crucial for industries where precision is non-negotiable—think healthcare, finance, and logistics. In these sectors, a single error can have significant repercussions. Extend’s platform promises over 95% accuracy, transforming raw PDFs into structured, validated data in record time.
The momentum behind Extend is palpable. The company has already achieved multi-million dollar annual recurring revenue, surpassing the total capital raised in its seed round. This rapid growth is a testament to the demand for reliable document processing solutions. Kushal Byatnal, the co-founder and CEO, emphasizes the company’s mission: to help teams unlock the full potential of their documents.
The funding will be strategically deployed to scale Extend’s engineering and go-to-market teams. It will also fuel further research and development, accelerating product evolution. The introduction of a self-serve version of Extend’s platform is a game-changer. It allows teams to dive in and start processing documents immediately, eliminating the lengthy onboarding processes that often plague tech solutions.
Extend’s technology is not just about automation; it’s about empowerment. By providing developers with modern APIs and intuitive tools, Extend enables companies to transition from prototype to production in days rather than months. This agility is a significant advantage in today’s fast-paced business environment.
The impact of Extend’s platform is already being felt across various industries. Brex, a modern finance platform, has integrated Extend into its document workflows, enhancing its service for over 30,000 customers. The ability to reliably extract data from documents is a game-changer for businesses that rely on accurate information to drive decision-making.
The challenge of extracting data from documents has long been a thorn in the side of many organizations. Eli Badgio, co-founder and CTO, highlights this struggle, noting that documents often serve as the system of record for critical business data. Extend aims to change this narrative by delivering state-of-the-art accuracy right out of the box.
As Extend continues to grow, it is setting a new standard for document intelligence. The combination of cutting-edge LLMs with essential developer tools creates a robust ecosystem for processing complex documents. This full-stack approach not only automates existing workflows but also opens the door to innovative features that can differentiate businesses in competitive markets.
The future looks bright for Extend. With a roster of clients that includes Fortune 500 companies, the platform is proving its worth in high-stakes environments. The ability to process millions of documents with precision and reliability is a significant selling point.
In a world where data is often seen as the new oil, Extend is the refinery. It transforms raw, unstructured information into valuable insights that drive business success. The company’s vision is clear: to redefine how organizations interact with their documents.
As the funding news reverberates through the tech community, one thing is certain: Extend is poised for greatness. The combination of strategic investment, innovative technology, and a clear mission sets the stage for a new era in document processing.
In conclusion, Extend’s $17 million funding round is more than just a financial boost; it’s a signal of the company’s potential to revolutionize an industry. With its AI-native platform, Extend is not just keeping pace with the future; it’s leading the charge. The journey ahead is filled with promise, and the world will be watching as Extend continues to break barriers and set new standards in document processing.