Evolution AI

Evolution AI is a company that specializes in AI data extraction from various financial documents, including financial statements, invoices, and bank statements. The company processes over 1.5 million pages daily for its clients, which include well-known names such as NatWest, Dun & Bradstreet, and Deutsche Bank. Utilizing generative AI, Evolution AI offers a one-stop shop for capturing high-quality data from any document through a simple point-and-click interface for configuration. The company employs self-learning technology to improve accuracy over time and ensures high-quality data through a comprehensive Quality Assurance (QA) workflow. As a science-based company focused on constant discovery and innovation, Evolution AI received the UK Government’s largest-ever grant for commercial AI research and development and was named Leading Innovator in Data Extraction – Europe at the Fintech Awards 2021. The company offers a pricing model based on per-page charges and provides both self-service and managed service options, including a human-in-the-loop (HITL) for complete accuracy. Evolution AI supports multiple document types and offers specialized solutions for contracts, trade finance documents, passports, driving licenses, and quarterly reporting packages in private equity. Additionally, the company provides financial statement extraction solutions for asset management, commercial finance, private equity, independent financial advisors (IFAs), insurance, M&A specialists, and partner platforms.