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Google Ventures invests in Ripcord's paper digitizing robotics service

Google Ventures invests in Ripcord's paper digitizing robotics service
From TechCrunch - December 20, 2017

The $40 million Ripcord Series B we reported back in August has just been bumped up to $65 million, courtesy of additional funding led by Google Ventures. The added funding comes as the record keeping company continues to grow at a healthy clip. The Bay Area based service added 100 jobs this year, and is on track to add another 150 in 2018.

The service came out of stealth in March of this year, when it announced that it had raised a $9.5 million Series A. At the time, it cited billion-dollar enterprise management giant Iron Mountain as its primary competitor.

But Ripcords approach to records is purely digital, employing an army of robots capable of pulling out staples and scanning documents at a rate it says is around 10-times faster than humans. It projects to digitize somewhere in the neighborhood of 50 million files a day by the end of next year.

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