Reducto Raises $108M to Shape the Future of AI Document Intelligence (reducto.ai)

Reducto announced a $75M Series B led by a16z — bringing total funding to $108M — to scale its document intelligence platform for both startups and global enterprises. The company, which has processed over a billion pages and seen 6x monthly volume growth in six months, bills its Parse API as a production-grade bridge between messy unstructured formats (PDFs, spreadsheets) and LLM-ready data. Customers include AI teams like Harvey and enterprise users such as a Fortune 10 company and a Global Top 5 hedge fund, where Reducto powers workflows from intelligent document automation to agentic applications that can read, edit, and act on documents. Technically, Reducto combines traditional computer vision with vision-language models and offers differentiated endpoints — split, extract, and the industry’s first unstructured document editing API — plus Reducto Studio for building and evaluating pipelines. The company is expanding an “Agentic OCR” framework that programmatically fixes last-mile errors (new agentic chart extraction and extraction review) to push toward near-perfect accuracy on difficult documents. The round will accelerate model research, product features, and broader adoption, while a new flexible pricing tier aims to lower barriers for early-stage teams and researchers to tap enterprise-grade ingestion infrastructure.