Dost launches in UK with £6M Series A led by Octopus Ventures
Dost, a Spanish AI-powered financial automation platform, has officially launched in the UK market after securing a £6 million Series A funding round led by Octopus Ventures. The investment signals increased interest in AI-driven solutions within the UK's financial sector and represents a strategic move to address inefficiencies in mid-market enterprises. The platform aims to streamline financial processes and supports European digital transformation. The SaaS platform, founded in 2021, automates financial document processing and supplier management using proprietary generative AI models. Dost's technology manages the entire accounts payable cycle, from document capture to ERP integration, and serves customers in sectors like manufacturing and construction. The platform differentiates itself through its use of in-house AI models designed for complex financial document processing. This expansion affects mid-market businesses in the UK seeking to automate manual invoice processing and reduce errors. Dost's focus on established industries with complex supply chains positions it to address challenges that conventional automation tools often struggle with. The investment allows Dost to strengthen its position in Spain and accelerate its UK expansion with a local team.
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