Document intelligence platform Reducto completes $75 million Series B funding round, led by a16z

ChainCatcher reported that the document intelligence platform Reducto has announced the completion of a $75 million Series B funding round, led by a16z, bringing the total funding amount to $108 million.

The project aims to help AI teams extract data from unstructured documents. Reducto will launch a new pay-as-you-go tier, offering 15,000 free credits.