July 22, 2021 11:10 am
The Winterthur start-up Acodis is a new participant in the Microsoft for Startups program. According to a message on startupticker.ch, two other Swiss start-ups have been included in the Microsoft program to support young entrepreneurs in the deep-tech sector: KimboCare, based in Renens VD and Facedapter from Le Grand-Saconnex near Geneva.
Acodis has developed the IDP platform to automate the processing of business documents. IDP stands for Intelligent Document Processing. It is based on the use of artificial intelligence and machine learning. According to the announcement, this enables the automated processing of any documents within seconds. This replaces manual document processing or transfers.
According to the company’s website, Acodis was founded in Winterthur in 2016 by three students from the Swiss Federal Institute of Technology in Zurich (ETH). They originally wanted to create an app for alpinism and then discovered their current field of work while processing documents stored in the old way. In 2019, the start-up took part in the Venture Leaders Fintech Roadshow in Hong Kong. The start-up founded as Turicode was only renamed Acodis in May. Today Acodis has 25 employees.
The Microsoft for Startups program is a free global program, according to the media release. It supports start-ups active in the business world in scaling their companies and offers technologies such as Azure and GitHub Enterprise as well as access to Microsoft’s global partner ecosystem. According to the announcement, the cloud computing platform Microsoft Azure is already being used by Acodis. gba