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Fortune
Fortune
Allie Garfinkle

Exclusive: Reducto, AI document parsing startup, raises $24.5 million Series A led by Benchmark

Adit Abraham and Raunak Chowdhuri (Credit: Reducto)

I’ve long been fond of Arthur C. Clarke’s famous third law: “Any sufficiently advanced technology is indistinguishable from magic.”

In Reducto’s case, the founders took that principle literally when they settled on a name for the company. 

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