About Ocrolus
Ocrolus is a company based in New York (United States) founded in 2014 by Peter Bobley and Victoria Meakin. Ocrolus has raised $122.31 million across 4 funding rounds from investors including Cross River, Mubadala and Fin Capital. The company has 986 employees as of April 06, 2024. Ocrolus offers products and services including Document Automation Software and Fraud Detection Service. Ocrolus operates in a competitive market with competitors including AuditBoard, Auditoria.AI, Caseware, FISCAL Technologies and Navix, among others.
- Headquarter New York, United States
- Employees 986 as on 06 Apr, 2024
- Founders Peter Bobley, Victoria Meakin
- Stage Minicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Ocrolus East Private Limited
- Date of Incorporation 13 Jul, 2016
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$13.8 M (USD)44.15as on Mar 31, 2023
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Net Profit
$1.48 M (USD)52.04as on Mar 31, 2023
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EBITDA
$2.26 M (USD)38.68as on Mar 31, 2023
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Total Equity Funding
$122.31 M (USD)
in 4 rounds
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Latest Funding Round
$80 M (USD), Series C
Sep 23, 2021
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Investors
Cross River
& 18 more
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Employee Count
986
as on Apr 06, 2024
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Products & Services of Ocrolus
Ocrolus offers a comprehensive portfolio of products and services, including Document Automation Software and Fraud Detection Service.
Automates extraction and analysis of financial documents for accuracy.
Identifies suspicious activity in documents for risk mitigation.
People of Ocrolus
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Software Development Team
17 people
Leadership Team
14 people
Data Analysis and Operations Team
8 people
Human Resources and Administration
6 people
Sales and Marketing
6 people
Operations Team
5 people
Finance and Accounting
4 people
Assistant Team
3 people
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Funding Insights of Ocrolus
Ocrolus has successfully raised a total of $122.31M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $80 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ocrolus
Ocrolus has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Cross River, Mubadala and Fin Capital.
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Venture capital firm focused on fintech and B2B SaaS companies
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Investments are directed toward fintech, cybersecurity, and martech sectors.
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Investments are made in early-stage healthtech and fintech startups.
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Investor details for Ocrolus
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Investments & Acquisitions by Ocrolus
Investment portfolio details for Ocrolus
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Financial Statements - Ocrolus
Detailed financials for Ocrolus
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Ocrolus Comparisons
Peer comparison for Ocrolus
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Competitors of Ocrolus
Ocrolus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AuditBoard, Auditoria.AI, Caseware, FISCAL Technologies and Navix, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based GRC and audit management solutions are provided.
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AI-driven audit automation solutions for enterprises are provided.
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Accounting and auditing software solutions are supplied worldwide.
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Cloud-based audit and risk management solutions are provided for businesses.
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Navix is recognized for providing automated freight audit solutions.
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Detailed competitors of Ocrolus
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Latest news on Ocrolus
Complete news archive for Ocrolus
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Frequently Asked Questions about Ocrolus
Ocrolus was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Ocrolus is headquartered in New York, United States. It is registered at New York, New York, United States.
Ocrolus is a funded company, having raised a total of $122.31M across 4 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Ocrolus is 986.
Annual revenue of Ocrolus is $13.8M as on Mar 31, 2023.
Founded in 2014 and based in New York, United States, solutions for auditing business bank accounts are offered in the financial technology sector. Financial transactions, bills, and statements are analyzed to identify fraudulent charges or unauthorized payments. Optical Character Recognition for transaction detection, crowdsourced data validation, and algorithmic reconciliation are employed, with accuracy maintained across varying document qualities.
Ocrolus's top competitors include AuditBoard, Auditoria.AI and Nomentia.
Ocrolus offers Document Automation Software and Fraud Detection Service.
Ocrolus has 19 investors. Key investors include Cross River, Mubadala, Fin Capital, Thomvest Ventures, and Oak HC/FT.
The valuation of Ocrolus is $500M as of Sep 2021.