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Venture Capital News: Scrypt AI Closes Seed Funding

2021-04-02
CAMBRIDGE, MA, Scrypt AI announced that it has closed its first round of funding.
CAMBRIDGE, MA, Scrypt AI announced that it has closed its first round of funding.

The investment round was led by Shai Stern, Co-Chairman and CEO of CheckAlt; joined by fintech leaders such as Cross River Bank, Michael Weinberger (former Partner at York Capital Management); Omri Dahan (former Chief Revenue Officer at Marqeta); and Ryan Gilbert (Partner at Propel Venture Partners), among others.

Founded in late 2020 as a spin off from MIT machine learning company Composable Analytics, Inc., Scrypt AI has operationalized an end-to-end AI data capture platform for automatic document digitization and payment processing.
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