Duco, a provider of SaaS AI-powered data automation, has acquired Metamaze, an Antwerp, Belgium-based company offering an AI-driven intelligent document processing SaaS platform that automatically processes, extracts and interprets information from any type of unstructured document. By combining the Metamaze and Duco platforms, customers can ingest any type of data from any type of document and automate processes around it.
“This is a step towards Duco’s vision of reducing the time spent on data related work in operations and finance teams by 90%,” says Michael Chin, who recently joined Duco as CEO.
“Our customers will be able to bring together all unstructured and structured data into a single platform and manage it through its lifecycle. They can avoid point solutions and automate time wasters such as manual data entry, manual data validation and reconciliation.”
Niels Van Weereld, CEO at Metamaze, adds: “We started Metamaze to tackle the huge and growing problem of unstructured data, and built an AI-powered self-learning intelligence platform that reads and interprets any document and extracts information and data. Embedding our tech into a data automation suite, while scaling globally, has always been our goal. Metamaze will grow as a core part of Duco’s strategy.”
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