Core Insights - Reducto combines traditional Optical Character Recognition (OCR) technology with emerging AI techniques to enhance document understanding, attracting significant investment interest from firms like Andreessen Horowitz [2][3]. Funding and Valuation - Reducto recently raised $75 million in Series B funding, tripling its valuation to $600 million, with total funding reaching $108 million and a cash reserve exceeding $100 million [3][4]. Technology and Application - The company integrates traditional OCR with Visual Language Models (VLMs) to better interpret complex documents in sectors like finance, healthcare, law, and insurance [4][5]. - Reducto's technology addresses the limitations of traditional OCR by effectively handling intricate document formats that often confuse standard software [5][6]. Performance and Growth - The company claims its software is more accurate than traditional OCR solutions, securing clients such as legal AI startup Harvey and data annotation company Scale AI [9][10]. - Reducto's monthly revenue has increased sevenfold compared to the previous year, indicating strong growth [11].