Anvil raises $5 mn led by Gradient Ventures

Anvil, a paperwork automation platform, has raised $5 million in Series A investment – led by Gradient Ventures, Google’s AI-focused investment fund, with participation from Citi Ventures, Menlo Ventures, Financial Venture Studio and 122 West.
Dollar spending on technologyAnvil is a low-code paperwork automation platform that helps businesses build online experiences for paperwork processes..

America spends over $1 trillion each year completing, processing, and storing paperwork. Anvil’s platform has allowed existing paper and PDF forms to be automatically populated with a series of APIs and AI techniques.

The flexibility of Anvil’s platform allows its solution to be applied to literally any existing paperwork process. Anvil’s current customers span industries including financial services, human resources, technology and healthcare companies, said Mang-Git Ng, CEO and co-founder of Anvil.

Most recently, Anvil’s platform was used by Minneapolis-based Sunrise Banks to deploy its digital application process for the Paycheck Protection Program (PPP).