Nanonets is a technology company that builds an AI-driven platform for automating document processing and data extraction. The system uses optical character recognition (OCR), deep learning, and machine learning to handle unstructured documents such as invoices, receipts, purchase orders, contracts, and insurance claims. It converts these into structured data that can be integrated with a company's existing operational systems, automating workflows in areas like accounts payable, order processing, and underwriting.
The platform is used across document-heavy industries including finance, healthcare, supply chain management, and insurance. According to the company, it is trusted by 34% of Fortune 500 companies and can reduce manual effort by up to 90% and generate cost savings of up to 50%.
The company's stated vision is to make machine learning as ubiquitous as databases. Its development approach combines deep technical expertise with a focus on solving practical business problems rather than pursuing technological novelty for its own sake.
