Ripcord
Founded 2015, Hayward CA; robotic document digitization platform, 500M pages/year capacity, raised $120M+, backed by Kleiner Perkins and GV.
Ripcord is a robotic document intelligence company founded in 2015 by Alex Fielding, originally conceived from research connected to NASA, and headquartered in Hayward, California. The company pioneered robotic digitization of physical paper records at industrial scale, deploying proprietary robot systems that automate labor-intensive tasks including staple removal, paper unfolding, folder tracking, and the creation of digital twins of physical documents.
Ripcord's platform combines hardware robotics with AI-driven software. On the hardware side, robots scan paper documents with high throughput and consistency, eliminating manual handling steps that previously required large human workforces. On the software side, Ripcord's AI platform extracts structured data from digitized documents, automates downstream workflows, and provides instant search and retrieval across formerly locked paper archives.
The company serves large enterprises and government agencies, including Coca-Cola Bottlers, the U.S. Internal Revenue Service (IRS), MUFG Bank, and one of Japan's largest property management companies. In May 2026, Ripcord announced a new 25,000 square-foot flagship robotics facility in Union City, California, designed to process up to 500 million pages of documents annually.
Funding history: Series A $9.5M from Kleiner Perkins (2017); Series B $40M led by Icon Ventures, expanded by $25M led by GV (Google Ventures) to $65M total; Series B2 $45M in February 2020, bringing total past $120M. In April 2024, Ripcord closed an additional $32M led by existing investors including Kleiner Perkins, GV, Icon Ventures, Lux Capital, MUIP, and 15th Rock, with equity also acquired by FUJIFILM Business Innovation. Investor base includes Apple co-founder Steve Wozniak.
Ripcord's primary role in the robotics ecosystem is as a Robotics-as-a-Service (RaaS) provider: customers do not purchase robots but engage Ripcord's platform to process their physical document archives.
Primary type & automation activities this supplier delivers:
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Contact Ripcord
WEBSITE
https://www.ripcord.comPHONE
+1 800-249-1650HEADQUARTERS
United States
Company Facts
Founded
2015
Primary Role
RaaS
Company Size
-
Primary Region
North America
Annual Sales
-
Funding Stage
-
Funding Total
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