
Parascript
Founded Year
1996Stage
Other Investors | AliveAbout Parascript
Parascript provides document processing solutions across sectors including banking, healthcare, and government. The company offers software that automates data capture and document workflows, focusing on data entry and operations. Parascript's technology is used in mail processing, payment processing, and fraud prevention. It was founded in 1996 and is based in Longmont, Colorado.
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Parascript's Product Videos


ESPs containing Parascript
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The intelligent document processing (IDP) market automates the processing of unstructured data, such as documents, emails, images, and videos using AI and machine learning technologies to extract relevant information and integrate it into workflows. These solutions leverage deep learning, neural networks, and computer vision to analyze complex document types with high accuracy rates. IDP platforms…
Parascript named as Challenger among 15 other companies, including UiPath, Oracle, and Microsoft Azure.
Parascript's Products & Differentiators
CheckXpert.AI
CheckXpert.AI automatically locates, recognizes and extracts data including Payee Line, CAR/LAR, MICR Line, Signature Presence, and more.
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Expert Collections containing Parascript
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Parascript is included in 3 Expert Collections, including Robotic Process Automation.
Robotic Process Automation
322 items
RPA refers to the software-enabled automation of data-intensive tasks that are low-skill but highly sensitive operationally, including data entry, transaction processing, and compliance.
Fintech
9,449 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Digital Banking
104 items
Parascript Patents
Parascript has filed 7 patents.

Application Date | Grant Date | Title | Related Topics | Status |
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4/19/2022 | 12/6/2022 | Grant |
Application Date | 4/19/2022 |
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Grant Date | 12/6/2022 |
Title | |
Related Topics | |
Status | Grant |
Latest Parascript News
Mar 20, 2025
To embed, copy and paste the code into your website or blog: <iframe frameborder="1" height="620" scrolling="auto" src="//www.jdsupra.com/post/contentViewerEmbed.aspx?fid=129906ee-50da-4f71-a283-3b8c116dd88e" style="border: 2px solid #ccc; overflow-x:hidden !important; overflow:hidden;" width="100%"></iframe> On March 18, 2025, Parascript, LLC filed a notice of data breach with the Attorney General of Massachusetts after experiencing a ransomware attack back in August 2024. In this notice, Parascript explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names and Social Security numbers. Upon completing its investigation, Parascript began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident. If you received a data breach notification from Parascript, LLC, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the Parascript data breach. For more information, please see our recent piece on the topic here . What Caused the Parascript Data Breach? The Parascript data breach was only recently announced, and more information is expected in the near future. However, Parascript’s filing with the Attorney General of Massachusetts provides some important information on what led up to the breach. According to this source, on August 16, 2024, Paracript detected suspicious activity within its computer network that was consistent with a ransomware attack. In response, Parascript took steps to contain the incident, notified federal law enforcement, and then launched an investigation with the help of outside cybersecurity experts. Through this investigation, Parascript discovered evidence suggesting an unauthorized party accessed parts of its IT network between July 29, 2024 and August 16, 2024, including files containing confidential consumer information. After learning that sensitive consumer data was accessible to an unauthorized party, Parascript reviewed the compromised files to determine what information was leaked and which consumers were impacted. Parascript recently completed this process, and while the breached information varies depending on the individual, it may include your name and Social Security number. On March 18, 2025, Parascript sent out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised. More Information About Parascript, LLC Parascript is a technology company specializing in artificial intelligence-powered document automation solutions. Headquartered in Longmont, Colorado, the company provides advanced software for handwriting recognition, data extraction, and document classification, serving industries such as finance, healthcare, government, and logistics. With a focus on improving accuracy and efficiency in document processing, Parascript leverages machine learning and computer vision to help businesses automate workflows, reduce errors, and enhance decision-making. The organization employs approximately 58 people and generates an estimated $10 million in annual revenue.
Parascript Frequently Asked Questions (FAQ)
When was Parascript founded?
Parascript was founded in 1996.
Where is Parascript's headquarters?
Parascript's headquarters is located at 6273 Monarch Park Place, Longmont.
What is Parascript's latest funding round?
Parascript's latest funding round is Other Investors.
Who are the investors of Parascript?
Investors of Parascript include Plainfield Asset Management.
Who are Parascript's competitors?
Competitors of Parascript include Instabase, Eigen Technologies, Natif.ai, Tungsten Automation, Ephesoft and 7 more.
What products does Parascript offer?
Parascript's products include CheckXpert.AI and 2 more.
Who are Parascript's customers?
Customers of Parascript include Saxony Partners and Docufree.
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Compare Parascript to Competitors

Hyperscience focuses on enterprise artificial intelligence (AI) infrastructure and hyperautomation within the technology sector. The company provides solutions that automate and orchestrate business processes, aiming to improve manual operations. Hyperscience's services address back office data and documents, impacting decision-making and productivity across various sectors. It was founded in 2014 and is based in New York, New York.

ABBYY is a company specializing in intelligent automation and document understanding within the technology sector. Its main offerings include intelligent document processing platforms that capture and transform data from various document types and process intelligence solutions that provide insights for business process optimization. ABBYY's products are primarily utilized in industries such as financial services, insurance, transportation, public sector, and healthcare. It was founded in 1989 and is based in Milpitas, California.

Instabase provides a platform for analyzing and structuring unstructured data from various operational systems and data stores across multiple industries. The company enables businesses to automate document processing workflows and build applications with a low-code approach. Instabase serves sectors such as financial services, insurance, healthcare, and the public sector, with a focus on operational efficiency and customer experiences. It was founded in 2015 and is based in San Francisco, California.

Indico Data specializes in artificial intelligence solutions for automated document intake across various industries. Its main offering includes an Intelligent Intake solution that automates the processing of unstructured data. It serves sectors such as the insurance industry, financial services, and healthcare, optimizing processes such as underwriting, claims, policy servicing, and revenue cycle management. It was founded in 2014 and is based in Boston, Massachusetts.

AntWorks specializes in the intelligent document processing sector. The company offers a platform, CMR+, that processes a wide range of documents in various formats, including forms, handwritten notes, images, tables, and signatures, to streamline operations and enhance data-driven decision-making. AntWorks primarily serves sectors such as banking, financial services, insurance, manufacturing, retail, and supply chain. It was founded in 2015 and is based in Singapore.

Hypatos develops artificial intelligence systems to automate document data capture and processing. Its technology captures data points from documents, performs validations, and automates processes like accounting, travel and expenses, loan underwriting, and claims processing. The company was founded in 2018 and is based in Potsdam, Germany.
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