August 23, 2017 9:35 PM ET

Software

Company Overview of Captricity Inc.

Company Overview

Captricity Inc. develops cloud software that extracts and transforms data from handwritten and typed forms into digital data. Its software extracts data from various sources, such as paper documents, scans, faxes, emails, call centers, and web forms. The company serves insurance, healthcare, government, non-profit, education, and other sectors. Captricity Inc. was founded in 2011 and is based in Oakland, California.

1999 Harrison Street

24th Floor

Oakland, CA 94612

United States

Founded in 2011

Phone:

415-237-3676

Key Executives for Captricity Inc.

Co-Founder and Chief Executive Officer
Co-Founder and Advisor
Vice President of Marketing
Compensation as of Fiscal Year 2017.

Captricity Inc. Key Developments

Captricity, Inc. Partners with Pegasystems Inc. to Enhance Customer Engagement with Quick and Easy Access to Paper-Based Data

Captricity Inc. announced a technology partnership with Pegasystems Inc., that will integrate Captricity's cloud-native solution within Pegasystems' suite of customer relationship management (CRM) applications and the Pega 7 platform. By utilizing data extraction, transformation, and integration processes, Pegasystems' clients can now access their data currently trapped in handwritten or typed forms at more than 99.9% accuracy quickly, easily and securely – and within their current workflow infrastructure. Unlocking data from paper forms is a continuing challenge for many organizations. Captricity's handwriting recognition technology helps leading organizations in Insurance, Government and Healthcare access the customer data they need to optimize business processes, improve decision making, and enhance the customer experience. Captricity's platform is the accurate data capture solution for complex handwritten and typed forms, offering the savvy enterprise access to transactional and legacy data trapped on paper forms. This partnership between Pegasystems and Captricity provides a solution that allows customers to immediately increase productivity, reduce costs, and speed time to revenue while at the same time enhancing the user experience for customers and partners. Pegasystems' clients can unlock data and automate processes within critical documents such as: Insurance policy applications and claims forms; Healthcare claims and HIPAA paperwork; Financial services onboarding documents and applications; and telecommunications service installations and product upgrade approvals. Powered by the Customer Decision Hub, Pega's end-to-end suite of CRM applications for marketing, sales, and service enables clients to anticipate customers' changing needs and provide personalized recommendations throughout the customer journey. By engaging customers with the right message at the right time on the right channel, businesses can increase customer satisfaction while enhancing the customer lifetime value.

Captricity Inc. to Appoint Teresa Chia to its Board

Captricity Inc. announced a $35 million Series C round of financing led by White Mountains Insurance Group, LTD. Existing investors Social Capital and Accomplice also participated in the round. The latest round of funding brings Captricity's total funds raised to $49 million. Earlier angel investors include Dave Goldberg, Reid Hoffmann and Mitch Kapor and the Knight Foundation. Teresa Chia, Senior Vice President at White Mountains Capital Inc., will join Captricity's board of directors.

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Recent Private Companies Transactions

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Target
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