Extend Announces $17M Series A led by Innovation Endeavors

Gunderson Dettmer represented client Extend, a document processing platform, in its $17 million Series Seed and Series A financing led by Innovation Endeavors and with participation from Y Combinator, Homebrew, Character, and angels including former Adobe CSO Scott Belsky and Vercel CEO Guillermo Rauch.

Extend’s AI-powered platform improves the speed and precision of document processing with greater than 95% accuracy, including understanding handwriting, tables, signatures and more. The new financing will help the company grow its product lineup with a new, self-serve version of its platform that can be easily deployed by nontechnical users, enabling anyone to set up a custom document automation system in days.

In the announcement of the transaction, co-founder and CEO Kushal Byatnal said, “We built Extend to make document processing as easy and as accurate as possible, giving technical teams modern infrastructure and non-technical users intuitive tools to improve accuracy in real-time. We’ve seen remarkable momentum over the past year. Now, we’re scaling to meet growing demand from technical teams who need accuracy, speed and flexibility in document automation.”

The Gunderson deal team was led by Paul Sullivan and included Jessica Crabill, Vijeta Kanabar, Colin Chapman and Rebecca Harris.