Ripcord Acquires Engine ML

December 9, 2020

Ripcord has acquired Engine ML, a deep-learning infrastructure company backed by Kleiner Perkins and Catapult, to embed accelerated deep learning into Ripcord’s AI- and robotics-driven document digitization platform. The acquisition is intended to speed model development and enable customers in finance, insurance, retail and energy to extract actionable insights from semi-structured and unstructured data much faster.

Buyers
Ripcord
Targets
Engine ML
Location
United States
Transaction Type
Buyout

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