Document extraction

Nanonets

Founded · 2017 Sarthak Jain · Prathamesh Juvatkar
Website

Document extraction with review rules and business-system exports.

Founded 2017Origin source ↗Checked 2026-09-15
Product view

The business

Document extractionData infrastructureDocument extractionAI agentOperationsBusinessesSubscriptionUsage & volume pricing

Customer

Accounts-payable and order-processing teams extracting and checking incoming business documents.

Problem

Incoming documents contain the information a business needs, but someone must extract it, check it and enter it into the right system.

Founders & origins

Sarthak Jain and Prathamesh Juvatkar had already built Cubeit before Nanonets. Y Combinator lists Nanonets as founded in 2017 and part of its Winter 2017 batch. By its February 2022 Series A announcement, the company described its focus as using deep learning to capture document information and automate workflows.

Nanonets founder profiles on WellfoundY Combinator — NanonetsNanonets — Series A announcement, 16 February 2022

Brand & positioning

Nanonets positions itself around AI agents that read, validate, route and post information from document-heavy business processes. Its stated mission is to make machine learning as commonplace as databases.

Brand source

Capital & ownership

Nanonets announced a $10 million Series A in February 2022 and a $29 million Series B in March 2024. The Series B announcement reported $42 million raised to that date. These are verified announcements, not a complete funding history.

Nanonets — Series A announcement, 16 February 2022Nanonets — Series B announcement, 12 March 2024

  1. Series B

    $29 million

    Accel India (lead), Elevation Capital, Y Combinator

    Nanonets — Series B announcement, 12 March 2024

  2. Series A

    $10 million

    Elevation Capital, Nakul Aggarwal, Ritesh Arora, Ashish Gupta, Amar Goel, Vetri Vellore, Krish Subramanian, Rajaraman Santhanam, Vara Kumar Namburu, Khadim Batti, Gautam Kumar, Kushal Nahata

    Nanonets — Series A announcement, 16 February 2022

Announcement dates · Reported rounds in the reviewed sources; this is not a complete funding history.

Product distinctions

Sourced product choices; not a claim of uniqueness or a proven competitive moat.

Workflow

Documentation summary
  1. 01

    Files arrive from email or connected storage.

  2. 02

    Extraction and rules identify fields and assign flagged files for human review.

  3. 03

    Approved results enter accounting tools, spreadsheets or databases.

Features

  • Its documented workflow supports imports, data transformations, approval rules and exports.

    Introduction to Workflow

  • Reviews can be mandatory for every file or triggered only when a rule flags a file.

    Introduction to Workflow

  • Billing is based on individual workflow blocks, so one document can incur several charges.

    Nanonets pricing

Product approach

Editorial analysis

Extraction sits within a broader document-processing workflow. Review queues and integrations connect incoming files to usable business records.

Constraints

Variable layouts and exception rates complicate onboarding and the cost per completed task.

Sources 12 references

Company, founder and investor sources. Product claims are not independent testing; funding announcements do not establish revenue or profitability.

  1. Nanonets product overview Checked 2026-09-22
    Confidence scores decide when the agent acts autonomously and when it asks a human.
  2. Introduction to Workflow Checked 2026-09-22
    Mandatory Reviews: Files are assigned for review regardless of rule violations.
  3. Nanonets pricing Checked 2026-09-22
    Each step in a workflow is a block.
  4. Elevation Capital — Nanonets founding team Checked 2026-09-22
    Prathamesh Juvatkar
  5. Nanonets founder profiles on Wellfound Checked 2026-09-22
    Founder and CEO @Nanonets, Cofounded @Cubeit sold to @Myntra Jabong
  6. Y Combinator — Nanonets Checked 2026-09-22
    Winter 2017
  7. Nanonets — Series A announcement, 16 February 2022 Checked 2026-09-22
    we’ve raised $10 million in our Series A funding round!
  8. Nanonets — Series B announcement, 12 March 2024 Checked 2026-09-22
    we’ve raised $29 million in our Series B funding round led by Accel India
  9. Nanonets — Workflow setup documentation Checked 2026-09-22
    Mandatory review (even if not flagged): This option requires a review for every file, regardless of whether it is flagged.
  10. Logo Checked 2026-09-22 · Brand reference
  11. Foundation Checked 2026-09-22 · Brand reference
    Founding year reported in Y Combinator’s company profile; no exact incorporation or launch date is asserted.
  12. Brand & positioning Checked 2026-09-22 · Brand reference
Maturity: Operating · 6 of 6 areas documented

Editorial assessment

Nanonets’ March 2024 company announcement describes revenue from finance-workflow automation. That operating evidence supports this assessment independently of the funding round announced on the same page.

Nanonets: reported workflow-automation revenue Checked 2026-09-23

Maturity is an evidence-based assessment, not a success rating. It may understate the current stage where evidence is limited. Coverage records documented areas, not a complete or independently audited company history.

Stage definitions
startup.observe Directory coverage · Sources & method