Extend, a New York-based AI-native document processing platform, announced on June 17, 2025, that it has raised $17 million in combined seed and Series A funding. Led by Innovation Endeavors, with participation from Y Combinator, Homebrew, Character, and angel investors like Scott Belsky and Guillermo Rauch, the funding will fuel Extend’s mission to streamline document workflows for enterprises.
Extend raises $17M in seed and Series A funding led by Innovation Endeavors.
Platform achieves 95%+ accuracy on complex PDFs, including degraded scans.
Customers include Brex, Square, Checkr, Flatiron Health, and Fortune 500s.
Self-serve platform launched to enable instant team onboarding.
Cash-flow positive with multi-millions in annual recurring revenue.
Funding to scale engineering, go-to-market, and R&D efforts.
Extend’s platform leverages large language models (LLMs) to transform unstructured documents into structured, validated data. “We’ve seen remarkable momentum over the past year, and this funding allows us to double down on our mission of helping ambitious teams unlock the full potential of their unstructured documents,” said Kushal Byatnal, co-founder and CEO of Extend. The company has achieved multi-millions in annual recurring revenue, surpassing its seed round capital while becoming cash-flow positive.
Traditional OCR and fragmented tools often fail to deliver accurate document processing, requiring months to build reliable pipelines. “Documents are often the system of record for mission-critical business data, but reliably extracting that data has always been a challenge,” noted Eli Badgio, Extend co-founder and CTO. Extend’s full-stack platform unifies parsing, evaluation, and orchestration, handling complex elements like handwriting, tables, and signatures with 95%+ accuracy, enabling teams to deploy in days.
Extend’s precision is critical for industries like healthcare, finance, and logistics. “Extend outperformed every solution we tested — including other vendors, open source and even foundation models,” said Pedro Franceschi, CEO of Brex. “It now powers key document workflows across our 30,000 customers, helping us build the most intelligent and modern financial platform out there.” Customers like Square, Checkr, and Flatiron Health process millions of documents using Extend’s platform.
The $17M will scale Extend’s engineering and go-to-market teams while advancing R&D. A self-serve platform, launched alongside the funding, allows teams to start processing documents immediately. “Extend is reimagining document intelligence with a full-stack approach that combines cutting-edge LLMs with all the other developer primitives needed to process complex documents reliably,” said Davis Treybig, Partner at Innovation Endeavors.
Extend’s funding and platform enhancements position it to meet surging demand for AI-driven document processing, empowering enterprises to unlock new efficiencies and competitive advantages.
Extend revolutionizes document processing by rebuilding document AI from the ground up using Large Language Models (LLMs). Its platform handles complex documents — tables, signatures, handwriting, images — with exceptional accuracy for structured PDFs and degraded scans. Extend offers robust document classification, extraction and splitting tools, built-in evaluation features and custom fine-tuning pipelines that improve over time. Extend is trusted by leading AI and technical teams to transform documents into high-quality, production-ready data.
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