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Ycombinator invoice template simple4/21/2024 A successful solution slide will show how your solution is practical, superior, and cost-effective. The purpose of the solution slide is to show how your startup solves the problem mentioned in the problem slide and how it is different/new from the competition in a clear and straightforward manner. The image used is a brilliant addition, depicting people drowning in paper and pleading for assistance. The problem slide from Nanonets hits all these points in one statement that almost everyone can relate to: anyone who has ever worked in a business knows how difficult it is to deal with document formats, record-keeping, reconciliation, and so on. Designing an effective problem slide is all about understanding the target demographics’ pain points and desires, and how to make these problems as understandable as possible. This page should work as a powerful hook for the reader or investor, drawing them into the rest of the deck (if crafted appropriately). One of the most fundamental and standard slides in any fundraising pitch deck is the Problem slide. Nanonets (Series A) Pitch Deck: $10M for the OCR industry from Pitch Decks Let’s take a look at the pitch deck that was used in the latest funding round: What were the slides in the Nanonets pitch deck?īrowse the exact example slides from the pitch deck that Nanonets used to secure $10 million We’re constantly asking ourselves how to make the experience of document management easier for our customers and their end users.” Jain said. Nanonets operates with a customer-obsessed approach to doing business. “The Series A funding is a critical next step in bringing Nanonets’ world-class document workflow solutions to customers across the globe. In Feb 2022, Nanonets announced it has raised $10 million in a Series A investment round which was led by Elevation Capital. The company’s earlier investors included Ashton Kutcher, Y Combinator, SV Angel, and Soma Capital. The company has raised three total rounds of funding: a $120,000 seed round was held in 2017, followed by a $1,500,000 seed round the same year. But this platform has improved our users’ onboarding experience, and we are happy to integrate it into our system.” – a Nanonets customer review on Software Advice. “We are using it for automating the KYC Onboarding process for our customers, and filling in address details and other information is a time-consuming process. Nanonets has grown from strength to strength, building a superb team and an excellent product with very little funding. “Automation induces a better way of connecting information across documents - quick implementation, execution, and arrangement of the large volume of data in less time than mechanical procedure with the reduced overhead expense and improved experience for enterprises,” Sarthak Jain (the company’s co-founder and CEO) told VentureBeat via email. By establishing or adding categories of text for detection, uploading and annotating photos for each category, and training developed models, organizations can streamline the OCR process. The platform supports a wide variety of documents, such as invoices, ID cards, tax forms, income proofs, and more. Nanonets’ machine learning API takes only a tenth of the data and no machine learning knowledge to train a model, hence addressing both of these issues for businesses. Businesses can use the platform to scan documents and add the retrieved data to their system.Ĭompanies frequently lack both the data and the data scientists to train a machine learning model using state-of-the-art techniques on their own. Nanonets is a deep learning-based optical character recognition (OCR) software that helps organizations digitize PDFs, receipts, and other documents.
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