Xtracta

What Xtracta does

Xtracta is a New Zealand-based, privately held AI company that provides template-free document data extraction technology. Its core platform automatically extracts structured data from scanned, photographed, or digital documents — invoices, receipts, contracts, purchase orders, bank statements, remittance advices, passports and IDs — without requiring per-document template configuration, and operates across dozens of languages. The underlying AI engine combines machine learning, natural language processing, image processing and Big Data cloud computing, and continuously improves by drawing on a global "knowledge pool" built from every document processed across the network. Xtracta exposes this engine through a REST API, an image-capture SDK, a mobile app, and a public cloud login, and markets a portfolio of document-type-specific Capture APIs on top of it.

Name

Xtracta

Legal name

Xtracta Limited

Website

https://xtracta.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Xtracta is a New Zealand-based AI company providing template-free document data extraction via API and SDK. It serves enterprises, software vendors, and resellers globally through 10+ marketplace integrations, partner channels, and OEM licensing, processing 10 million+ pages monthly.

Ownership category

akta.pro rank

Product category

Intelligent Document Processing (AI-powered OCR / Data Extraction)

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Intelligent Document Processing (IDP) & OCR Automation (HDAEAHAC)

akta.pro secondary industries

Optical Character Recognition (OCR) & Document Vision (HDAAAEAD), Document Capture, Scanning, OCR/ICR & Intelligent Document Processing (IDP) (HDAEAGAD)

Keywords

• AI document data extraction
• Intelligent document processing
• OCR software platform
• Invoice capture automation
• API-based document OCR

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Paid plans / subscriptions: Revenue is generated via plans or subscriptions that constitute volume limitations, feature limitations or other rules; plans are billed in advance and the supplier may apply payment terms at its discretion.
2. Per-document pricing: Cost-effective per-document pricing is offered alongside plans and can be combined to deliver quick ROI for high-volume document processing.
3. One-off paid services: Beyond plans, the supplier may provide non-plan paid services and reserves the right to set and enforce agreed values and payment terms for them.
4. OEM / white-label / embedded licensing: Software companies and ISVs integrate Xtracta's API and SDK into their own products and brand it as their own, generating licensing/embedded revenue via partner channels.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Core offering

Xtracta provides AI-powered, template-free data extraction software and OCR delivered via a REST API and image-capture SDK. It automatically captures structured information from scanned, photographed or digital documents — including invoices, receipts, contracts, purchase orders, bank statements, remittance advices, passports/ID cards and bespoke documents — across dozens of languages, with module-specific Capture APIs available for each document type.

Product overview

Xtracta is a single unified AI-powered data extraction platform, with a core engine that is exposed to developers and partners through a REST API and image capture SDK. On top of this core engine, the company markets a portfolio of document-type-specific Capture APIs as modular offerings, including Invoice Capture API, Receipt Capture API, Contract Capture API, Passport and ID Card Extraction API, Bank Statement Data Extraction API, Remittance Advice Extraction, Purchase Order Data Extraction, eInvoicing with Peppol, and an Other Documents Capture API for high-volume bespoke documents. These modules share the same underlying AI/OCR engine and can be embedded into partner software via the API, branded as the partner's own solution.

Differentiator

Problem solved

Functional benefit

Products and services

• Xtracta Data Extraction Platform

Quantifiable outcome

• ~40% reduction in invoice entry time at Scandinavian Vehicle Distributors (Volvo), freeing 2-3 days per month for the AP team
• +4 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability10 records

Feature8 records

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• UiPath Document Understanding: UiPath embeds OCR/IDP capabilities inside its broader RPA and hyperautomation platform, targeting the same AP automation and document processing buyers as Xtracta but as part of a wider automation suite.
• AWS Textract: Amazon's managed OCR service extracts text, tables and forms from documents and integrates natively with the AWS stack, posing bundled competitive pressure on Xtracta for AWS-centric customers.
• Microsoft Azure AI Document Intelligence (Form Recognizer): Microsoft's cloud OCR/IDP service is bundled inside the Azure ecosystem and pre-built models for invoices, receipts and IDs, competing with Xtracta especially for customers already standardized on Microsoft and listed as a Xtracta integration partner.
• Google Document AI: Google's cloud document understanding service offers pre-trained processors for invoices, receipts and contracts within the Google Cloud platform, representing a bundled alternative for enterprise buyers evaluating Xtracta.
• Tungsten Automation (formerly Kofax): Tungsten Automation provides an established portfolio of capture, OCR and document automation products aimed at enterprise AP and back-office workflows, competing with Xtracta for larger accounts.

Direct peers

• Hyperscience: Hyperscience provides ML-based document processing for enterprise workflows including accounts payable and claims, competing head-on with Xtracta in semi-structured and complex document extraction.
• Docparser: Docparser is a smaller API-based document data extraction service focused on invoices, purchase orders and similar business documents, closely comparable to Xtracta in target buyer (developers, SMB/mid-market) and delivery model.
• ABBYY: ABBYY is a long-established OCR and intelligent document processing vendor serving enterprise accounts payable and document automation use cases with a similar template-light/AI-augmented approach, making it one of Xtracta's closest direct comparables.
• Rossum: Rossum is an AI-native cloud IDP platform focused on invoices, purchase orders and other business documents, sold via API and marketplace channels — closely mirroring Xtracta's AI-first, template-free, API-first positioning.
• Veryfi: Veryfi offers a developer-focused OCR/IDP API for receipts, invoices and IDs with per-document pricing, directly overlapping Xtracta's API and SDK offering to software companies and ISVs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=rwJTbabSiZw
• Xx.com/xtractaapp
• Facebookfacebook.com/xtractaapp
• LinkedInlinkedin.com/company/xtracta

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xtracta