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ripcord.com

Founded Year

2015

Stage

Series B - III | Alive

Total Raised

$134.5M

Last Raised

$45M | 2 yrs ago

About Ripcord

Ripcord delivers a digitization solution that uses robots to scan records and make them accessible on a cloud platform called Canopy. Once records are uploaded to Canopy, users can search, share, and connect records to other enterprise applications like SAP, Oracle, and NetSuite.

Ripcord Headquarter Location

30955 Huntwood Ave.

Hayward, California, 94544,

United States

1 855-451-1053

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Research containing Ripcord

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Ripcord in 1 CB Insights research brief, most recently on Feb 26, 2020.

Expert Collections containing Ripcord

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Ripcord is included in 1 Expert Collection, including Regtech.

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

Ripcord Patents

Ripcord has filed 14 patents.

The 3 most popular patent topics include:

  • Content management systems
  • Open formats
  • Data management
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/16/2019

5/24/2022

Sensors, Materials handling, Packaging machinery, Mechanics, Special relativity

Grant

Application Date

9/16/2019

Grant Date

5/24/2022

Title

Related Topics

Sensors, Materials handling, Packaging machinery, Mechanics, Special relativity

Status

Grant

Latest Ripcord News

Outlook on the Document Scanning Services Global Market to 2028 - by Service Type, Document Type, End-use Industry and Region

Jul 12, 2022

Digitization is the process of scanning paper documents and converting them into electronic formats. Most of the companies are scanning documents, in order to save cost, increase productivity, and also to improve access to the information. The digitization of documents can prevent the loss of sensitive information by providing backup in case of loss or damage to the physical documents. The high-speed scanners are used to scan documents into digital images. For instance, in April 2020, iGuana, a Belgium-based company that provides digitization services, announced collaboration with Qidenus Technologies, an Austria-based company that manufactures V-shaped and robotic scanners, to enhance Qidenus Mastered Book Scanner to ensure top scan quality and top performance in book scanning environment. Market Dynamics Document outsourcing consists of intelligent character recognition (ICR) and optical character recognition (OCR) methods, in order to convert hand-written documents into electronic information. Moreover, due to the increasing demand for outsourcing document scanning services in organizations, document outsourcing service providers are trying to solve a business challenge by providing value-added services to their customers. For instance, Ricoh Ltd., specializing in office imaging equipment, production print solutions, document management systems, and IT services, introduced document process outsourcing services for organizations in order to outsource their document business processes. The outsourced service providers help organizations to reduce the overall cost, enhance productivity, and improve workflow efficiencies in the organizations. The increasing demand for document scanning services in the logistics sector in Japan is expected to drive the market growth during the forecast period. Logistics document scanning services help transport companies to digitize and organize documents in such a way that will improve operational efficiency. These services are used by both small and medium enterprises (SMEs) and large enterprises to keep track of their workflow. For instance, in September 2020, Ripcord Inc., a U.S.-based leading robotics digitization company announced joint venture with Fuji Xerox Co., Ltd., a Japan-based company, which manufactures xerographic and document-related products and services, in order to bring digital transformation technologies in Japan and the APAC region. Through this joint venture, Ripcord Inc. and Fuji Xerox help their customers to streamline operations, accelerate digitization, reduce costs, reduce labor costs associated with digitizing and improve customer experiences. The document scanning method captures detail from the paper document and converts it into digital format for ease of storage, retrieval, search, and use. Most of the business enterprises in Japan are adopting document scanning services, in order to save time and money in the organization. It can reduce storage costs and resources needed to maintain and retrieve records. Document scanning makes it easy to share documents and collaborate on projects without any need for paper information. Document scanning not only benefits the business but also protects the environment as well. It enormously cut down the consumption of paper, stationery items, ink, and many others. Document scanning also plays important role in streamlining the work processes and improving workplace productivity. For instance, Canon Inc., a Japan-based company who manufacture lenses, cameras, medical equipment, and scanners, is taking steps to protect its business and reduce risk by converting paper documents into digital information. The document scanning services help businesses against loss of files, reduce operating costs, and enable safe transfer of products or business records. Increasing adoption of document digitization services in Japan is driving the growth of the market. The companies prefer scanning paper documents and converting them into electronic formats in order to save cost, increase productivity, and also to improve access to the information. For instance, in March 2021, NTT DOCOMO Inc., a Japan-based mobile operator company, signed a partnership with Ripcord, a U.S.-based robotic digitization company that launched a new digital transformation (DX) solution. The robotic approach to DX solution replaces manual, error-prone, labor-intensive processes and replaces traditional approaches with new automation technologies such as robotics and machine learning. Key features of the study: This report provides in-depth analysis of the global and Japan document scanning services market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021- 2028), considering 2020 as the base year It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players It profiles leading players in the global and Japan document scanning services market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans Companies covered as a part of this study include Access Scanning Document Services, LLC, Ripcord, Inc., Armstrong Archives, LLC, Chicago Records Management Inc., Cube Records Management Services, The Scanning Company, Smooth Solutions Inc., VENSO Technologies, Shoreline Records Management, Inc., Pearl Scan, iGuana, Cleardata UK Ltd., KnowledgeLake, Microimage Technologies Limited, ScanWorld Station Limited, The Apache Software Foundation, Advanced Data Solutions, Inc., Blue-Pencil Information Security Inc., Iron Mountain Inc., Flatworld Solutions Pvt. Ltd., Royal Imaging, Pacific Records Management, DataGuard USA (Record Nations), Scanning America Inc.. Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics The global and Japan document scanning services market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global and Japan document scanning services market Key Topics Covered: 2. Market Purview Market Snippet, By Document Type Market Snippet, By End-use Industry Market Snippet, By Region Market Dynamics Introduction Segment Trends Offsite Service

Ripcord Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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Ripcord Rank

  • When was Ripcord founded?

    Ripcord was founded in 2015.

  • Where is Ripcord's headquarters?

    Ripcord's headquarters is located at 30955 Huntwood Ave., Hayward.

  • What is Ripcord's latest funding round?

    Ripcord's latest funding round is Series B - III.

  • How much did Ripcord raise?

    Ripcord raised a total of $134.5M.

  • Who are the investors of Ripcord?

    Investors of Ripcord include Kleiner Perkins Caufield & Byers, Lux Capital, Silicon Valley Bank, Icon Ventures, Baidu Ventures and 8 more.

  • Who are Ripcord's competitors?

    Competitors of Ripcord include Vidado and 1 more.

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