Philippines startup Expedock raised $4 million; uses A.I. to extract data from documents automatically

Expedock wants to simplify supply-chain document processing by using A.I.

Alfred Lee

5 Feb, 2021

Philippines startup Expedock raised $4 million; uses A.I. to extract data from documents automatically | BEAMSTART News

Expedock, a Philippine-based artificial intelligence (AI) startup, has announced that it has raised $4 million in seed funding.

Investors for the round include Ali Partovi, who led with a $2.5 million investment, as well as executives from Ebay, Salesforce, Linkedin, and Instagram.

The lead investor, Ali Partovi, was also a former investor in Airbnb, Dropbox, and Facebook.

Launched in 2019 by King Alandy Dy, Rui Aguiar, and Jeff Tan, Expedock is a startup that uses AI to understand documents as well as extract key pieces of information from them.

This is particularly useful for companies that want to digitalise their document handling and extract key pieces of information such as addresses, invoice numbers, dates, company names, and more.

The technology currently powers back-offices for many businesses, especially those in freight forwarding / supply chain.

Expedock claims the company is capable of saving up to 90% of clients' costs in "data extraction" and "data entry", as well as decreasing turnaround time by up to 10X.

How Expedock works.

Moving forward, Expedock plans to use the funds to expand the team as it continues to accommodate a growing number of international clients.

The company also adds that manual data processing remains one of the biggest operational challenges for businesses, especially those in the supply-chain industry.

The supply-chain market is projected to reach $37.41 billion by 2027.

“We’ve seen firsthand how the errors in the first mile of shipping lead to costly corrections amounting up to US$25,000. Freight forwarders have had to manually encode and process significant amounts of paperwork which with one mistake could cost a company thousands of dollars to correct,” remarked Alandy Dy.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Legal Counsel, Asia

Gallons & Grapes Pte Ltd

Buona Vista, Singapore

Full Time

SGD 9000 — SGD 10500 monthly

English-Korean Freelance Transcriber in Singapore

Elite Asia


Contract / Freelance

Salary Undisclosed

Account Manager (Hybrid)


New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly



SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

Junior Accounts Cum Admin Assistant


Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers


Manila, Philippines

Full Time

USD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).