Smart Engines
Smart Engines is a private Armenian AI company that builds GreenOCR-powered SDKs for identity-document scanning, barcode/MRZ/bank-card recognition, and AI-driven forgery detection, selling custom multi-year enterprise licenses to banks, airlines, insurers and telecom firms across 220+ countries with on-device, zero-data-transfer processing.
- Company typePrivate
- Founded2010
- HeadquartersYerevan, Armenia
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Smart Engines does
Smart Engines is a privately held, science-driven AI company headquartered in Yerevan, Armenia (founded 2010), that develops document scanning and OCR software for enterprise clients in regulated industries. Its technology foundation is the proprietary GreenOCR platform, an ultra-efficient AI architecture using 4.6-bit and 8-bit quantized neural networks with tree averaging, designed to deliver high-accuracy document recognition at 30–40x lower energy consumption than conventional models. The product portfolio centers on three core engine SDKs — Smart ID Engine (identity documents from 220+ countries), Smart Code Engine (barcodes, MRZ, bank cards) and Smart Document Engine (invoices, KYC questionnaires, business forms) — plus add-on modules for face verification and document forensic/liveness detection, and a specialized Smart Tomo Engine for tomographic reconstruction. Products are delivered as SDKs for mobile (iOS/Android), web, desktop and server platforms, with a "Three NOs" Zero-Trust architecture that performs all recognition on-device and on-premise, requiring no data transmission, storage or internet connectivity. The company holds 15+ granted U.S. patents and publishes regularly in academic venues including ICDAR and MDPI Mathematics.
The company monetizes through custom-priced, multi-year SDK licensing agreements sold via direct enterprise sales and OEM/embedded distribution. Pricing is calculated individually based on functional and quantitative requirements; no public pricing is disclosed. Its go-to-market motion combines enterprise field sales targeting banks, neobanks, payment processors, airlines and insurance carriers with technology integration partnerships (VisionLabs, NNTC, Kaspi.kz) and channel/reseller relationships (Argos KYC, SignD). Named customers span banking (Raiffeisenbank, Dukascopy, Emirates NBD, Oman Arab Bank, Kaspi.kz), airlines and travel (Turkish Airlines, Caribbean Airlines, Royal Caribbean Group), telecom (Vodafone Qatar), insurance (Ablera), ridesharing (BlaBlaCar), age verification (VerifyMyAge, used by eBay), KYC platforms (Argos KYC), fintech (SignD), healthcare (BioCollections) and SMB (Vert One). The company is GDPR- and CCPA-compliant, joined the UN Global Compact in October 2020, and is led by CEO Vladimir Arlazarov (PhD in Computer Science) with a research team of 70+ staff including 18 PhD holders. No external funding rounds or revenue figures have been disclosed.
Smart Engines firmographics
Firmographics- Name
- Smart Engines
- Legal name
- Smart Engines LLC
- Website
- https://smartengines.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Smart Engines is a private Armenian AI company that builds GreenOCR-powered SDKs for identity-document scanning, barcode/MRZ/bank-card recognition, and AI-driven forgery detection, selling custom multi-year enterprise licenses to banks, airlines, insurers and telecom firms across 220+ countries with on-device, zero-data-transfer processing.
- Ownership category
- akta.pro rank
Smart Engines industry classification
Industry- Product category
- Document Recognition Software
- NAICS
- Software Publishers (513210), Security Systems Services (except Locksmiths) (561621), Software Publishers (5132)
- SIC
- Office Machines, Nec (3579), Electronic Components & Accessories (3670)
- akta.pro primary industry
- Identity Verification (IDV) & Document Verification (FSAMALAE)
- akta.pro secondary industries
- Digital Identity, Biometrics & eGate Enablement (THALAPAE), Identity Verification & Proofing (IDV, KYC, Biometrics) (HDADAAAF), Content Authenticity, Watermarking & Deepfake Detection (HDAAAKAK)
Keywords
Where Smart Engines is headquartered
LocationHeadquarters
- HQ city
- Yerevan
- HQ country
- Armenia
- HQ region
- Asia
Offices1 record
Markets served
Smart Engines business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SDK Licensing: Smart Engines generates revenue through licensing its document recognition SDK products to enterprise clients. Pricing is calculated individually based on functional and quantitative requirements. SDKs are available for mobile (iOS, Android), desktop, server, and web applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom enterprise licensing based on requirements |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Smart Engines product offering
Product offeringCore offering
Smart Engines develops AI-powered document recognition SDKs that capture and verify identity documents (passports, ID cards), barcodes and MRZ, bank cards, and structured business documents (forms, invoices). The product family is bundled with forensic authentication (holographic and multimodal forgery detection) and biometric modules (liveness detection, face verification) sold primarily to enterprise integrators in banking, insurance, border control, and travel.
Product overview
Smart Engines offers a science-driven AI platform for document scanning and OCR based on its proprietary GreenOCR technology. The product portfolio consists of three core engine products (Smart ID Engine for identity documents, Smart Code Engine for barcodes/bank cards/MRZ, and Smart Document Engine for business forms), plus specialized modules for face verification and document forensic analysis. Products are delivered as SDKs across mobile (iOS/Android), web, desktop, and server platforms. All products share the GreenOCR platform's ultra-efficient neural network architecture enabling on-device processing without data transfer. The company holds 15+ U.S. patents covering core AI methods and document analysis technologies.
Differentiator
Problem solved
Functional benefit
Products and services
- Smart ID Engine
Quantifiable outcome
- Credit card scanning at 35ms per frame with 99.68% accuracy
- +5 more outcomes
Companies that use Smart Engines
Customer profileNamed customers17 records
Segments4 records
Ideal customer profiles1 record
Smart Engines technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature6 records
Smart Engines partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- SignDcoreLeading KYC provider integrating 30 different onboarding, compliance, signature, and payment functionalities. SignD deployed Smart Engines software for credit card scanning, enabling fast and secure card verification without manual data entry for platform users.
- Kaspi.kzcoreKazakhstan's leading super app for payments, marketplace, and fintech. Smart Engines' Smart Code Engine integrated for automatic credit card scanning, reducing data input time by 9 seconds and enabling seamless online payments and Card2Card transfers.
- Argos KYCcoreKYC service provider using Smart Engines' high-precision software for intellectual data extraction of ID cards, passports, and driving licenses. Partnership improves and secures automated identity verification for Argos KYC customers.
- NNTCcoreUAE-based software developer and solutions provider. NNTC's iFalcon KYC Control module integrates Smart Engines' ID scanning technology for swift, frictionless, and secure digital customer onboarding at Oman Arab Bank. Smart Engines technology enables automatic data extraction from ID cards.
- VisionLabscorePartnership combining Smart Engines' ID document recognition with VisionLabs' face recognition technology for Emirates NBD's TruID digital identity verification solution. Enables complete KYC verification for mobile bank account opening.
- AbleracoreBulgarian tech start-up specializing in AI-based solutions for insurance companies, banks, and medical institutions. Smart Engines provides intelligent document processing for the Serdica Suite platform, ensuring full automation of identification process for Serdica Suite clients. Integration enables instant processing of national ID cards, passports, driving licenses, and vehicle documents.
- Smart Technologies & ResourcesminorSoftware developer company in Japan - listed as partner
- CNR-NANOTECITminorNational Research Council Institute of Italy - listed as partner
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Smart Engines competitors and assessment
Company assessmentBroad incumbents
- ABBYY: ABBYY is a long-established OCR and document processing vendor offering FineReader, FlexiCapture, and Vantage. Broad incumbent serving similar document data extraction use cases at enterprise scale, with a much wider product portfolio than Smart Engines.
- Kofax (Tungsten Automation): Kofax provides intelligent document processing, OCR, and automation software for enterprise workflows including KYC and onboarding. Broad incumbent in the same document capture and recognition category with deeper enterprise installed base.
- Google Document AI (Google Cloud): Google Document AI provides cloud-based OCR and document parsing with pretrained models for invoices, receipts, IDs, and forms. Broad incumbent competitor for Smart Engines' Smart Document Engine, leveraging Google's scale and cloud distribution.
Direct peers
- ID.me: ID.me provides identity verification with document scanning and selfie biometrics, with strong positioning in U.S. government, healthcare, and financial services. Direct competitor in IDV, particularly for regulated U.S. verticals.
- Jumio: Jumio offers an end-to-end identity verification and KYC platform with document scanning, liveness, and AML screening. Competes with Smart Engines for the same banking and fintech onboarding use cases, typically via integrated cloud APIs.
- Onfido (Entrust): Onfido provides AI-powered identity verification with document OCR, biometric checks, and fraud signals as an integrated platform. Direct competitor in the IDV/KYC space serving financial institutions and fintechs, though delivered as a cloud platform rather than on-device SDK.
- Sumsub: Sumsub delivers a full-cycle KYC/AML platform with document OCR, liveness, and fraud detection. Competes directly with Smart Engines in financial services onboarding, particularly across EMEA and emerging markets.
- Veriff: Veriff provides identity verification with automated document analysis and biometric matching, serving fintech, mobility, and online marketplaces. Direct competitor targeting similar enterprise KYC/AML workflows.
- Regula: Regula is a direct peer offering identity document verification SDKs and hardware readers, supporting thousands of document templates globally. Highly comparable product offering to Smart Engines' Smart ID Engine, with overlapping banking, government, and travel customers.
Emerging players
- Persona: Persona offers a configurable identity verification platform with document OCR, database checks, and biometric verification. Emerging player competing for the same fintech and marketplace onboarding workflows, with API-first positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Smart Engines social profiles
Digital presenceSmart Engines compliance and trust
Trust signalCompliance3 records
Smart Engines financial estimates
Financial estimateRevenue estimate
Valuation estimate
Smart Engines leadership team
Management profileNumber of profiles
Profiles1 record
Smart Engines funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Smart Engines M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Smart Engines
What does Smart Engines do?
Smart Engines develops AI-powered document recognition SDKs that capture and verify identity documents (passports, ID cards), barcodes and MRZ, bank cards, and structured business documents (forms, invoices). The product family is bundled with forensic authentication (holographic and multimodal forgery detection) and biometric modules (liveness detection, face verification) sold primarily to enterprise integrators in banking, insurance, border control, and travel.
Is Smart Engines a public or private company?
Smart Engines is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Smart Engines founded?
Smart Engines was founded in 2010. It employs 51 to 100 people.
Where is Smart Engines based?
Smart Engines is headquartered in Yerevan, Armenia, in the Asia region.
How does Smart Engines make money?
One revenue line is on record: SDK Licensing.
Who are Smart Engines's main competitors?
Broad incumbents on record are ABBYY, Kofax (Tungsten Automation) and Google Document AI (Google Cloud). Direct peers are ID.me, Jumio, Onfido (Entrust), Sumsub, Veriff and Regula. Persona is listed as an emerging player.
Does Smart Engines have an API?
No public API is recorded for Smart Engines.
What industry is Smart Engines in?
Smart Engines's product category is Document Recognition Software. Its primary akta.pro industry code is FSAMALAE, Identity Verification (IDV) & Document Verification, with a secondary code of THALAPAE, Digital Identity, Biometrics & eGate Enablement. Its NAICS code is 513210 and its SIC code is 3579.