Breaking: Ripcord's robots remove staples so you don't have to ~$144M raised from Kleiner Perkins, Google Ventures & Icon Ventures Backed by Apple co-founder Steve Wozniak Born out of NASA research, 2015 Scanning floors in the Bay Area & Japan Pennies per page: ~$0.08-$0.25 per image Document Intelligence as a Service Breaking: Ripcord's robots remove staples so you don't have to ~$144M raised from Kleiner Perkins, Google Ventures & Icon Ventures Backed by Apple co-founder Steve Wozniak Born out of NASA research, 2015 Scanning floors in the Bay Area & Japan Pennies per page: ~$0.08-$0.25 per image Document Intelligence as a Service
YesPress Dossier // Robotics & AI
Ripcord company logo

CAPTION: The wordmark of a company whose product you'll never see - because its whole job is to make the paper in your basement disappear. Hayward, California.

The robots that are quietly killing paper.

Somewhere on a warehouse floor, a robotic arm lifts a manila folder, strips its staple, and feeds a half-century of forgotten records into a camera. Ripcord has been doing this since 2015 - and it would very much like to do it to every filing cabinet on Earth.

2015
Founded
~$144M
Total Raised
~130
Employees
2
Continents Scanning
The Dispatch

A machine for forgetting paper

Hayward, California - present day

Walk into a Ripcord facility and you will not find the usual startup theater. No ping-pong, no neon. You'll find a robot, methodically, almost meditatively, doing the single most tedious task in modern office life: taking apart a stack of paper, page by page, so a camera can read it. The staple - that tiny brass adversary of every records clerk who ever lived - is removed by a machine. This is the whole pitch, and it is stranger than it sounds.

Ripcord calls what it does robotic digitization. The plain-English version: companies and governments are sitting on mountains of paper they're legally required to keep and practically unable to use. Ripcord trucks that paper to its floors - one in the Bay Area, two in Japan - and runs it through robots and software that scan, classify, and extract the data inside. Then it either stores the originals for compliance or shreds and recycles them. The paper leaves as data.

The idea has unlikely parents. Ripcord traces its origins to NASA research, and its founding team reads like a heist crew: Alex Fielding, a former Apple engineer, alongside NASA veteran Kim Lembo and co-founder Kevin Hall. When they went looking for early money, they found a believer in Apple co-founder Steve Wozniak, who put his own cash into the Series A. It is a rare company that can claim both NASA and Woz on the cap table and still describe its core innovation as "we automated the boring part."

Turn your documents into powerful data.
- Ripcord's mission, stated without irony

There's a quiet wit to the bet. The paperless office has been promised since the 1970s, and every prophet of it has been proven wrong. Ripcord's contribution is to stop preaching and start removing staples. It is, at heart, a company built on the unglamorous observation that the bottleneck to digital transformation isn't ambition - it's the physical act of getting paper into a computer accurately, at scale, cheaply.

The Product Line

Robots up front, AI in the back

Four things Ripcord actually sells

Hardware

Robotic Digitization

Proprietary robots that autonomously scan paper - removing staples included - to produce high-quality digital files at industrial scale.

The Service

Document Intelligence as a Service

A cloud service that ingests, classifies, extracts, validates, and enriches data from paper and digital records using machine learning and generative AI.

The Platform

Canopy

A cloud-based, generative-AI content platform where customers store digital assets and reach reliably accurate documents and data through layered microservices.

Verticals

Industry Solutions

Tailored document intelligence for financial services, energy, insurance, manufacturing, real estate, HR, and the public sector.

The economics are almost charmingly small per unit and enormous in aggregate. Ripcord charges roughly eight to twenty-five cents per scanned image. Multiply that by the warehouses of records a single bank or government agency hoards, then add the higher-margin work of using machine learning and generative AI to understand the data - not just photograph it - and you have a business. Ripcord likes to point out that it's the rare intelligent-document-processing company that insists your paper belongs in your data set, not just your scanner.

Follow The Money

What investors paid to kill paper

Approximate, per public reporting & investor data

Series A '17
$9.5M
Series B '18
~$40-45M
New round '24
~$32M
Total
~$144M

The cap table is a who's-who: Kleiner Perkins seeded the Series A, Icon Ventures led the Series B, and GV (Google Ventures), Lux Capital, and Silicon Valley Bank have all been in the mix - with Steve Wozniak's personal check as the cherry on top.

The Record

A short history of removing staples

2015

Spun out of NASA research

Fielding, Lembo, and Hall found Ripcord in Hayward, California with the goal of building the world's first robotic digitization company.

March 2017

$9.5M Series A

Kleiner Perkins leads, with Lux Capital, Legend Star, and Apple co-founder Steve Wozniak participating.

2018

~$40-45M Series B

Icon Ventures leads a round mixing equity and debt; Kleiner Perkins, Lux, and Silicon Valley Bank join.

October 2023

Carahsoft partnership

Ripcord teams with Carahsoft to bring intelligent document processing to U.S. government agencies.

April 2024

~$32M new funding

Ripcord closes fresh capital to extend its Document Intelligence as a Service push.

Who Hands Over Their Paper

Coca-Cola, BP, and the IRS walk into a scanner

Ripcord's reported customers skew toward organizations with industrial-grade records problems - the kind where the filing cabinet is a liability, not a convenience.

Coca-Cola bottlers BP UCLA Waste Connections MUFG Bank Agilent IRS Daiwa Living
The only intelligent document processing company that ensures paper documents are part of your data set.
- Ripcord, on what sets it apart
Footnotes

Things that amuse us about Ripcord

Watch

See the robots work

Interviews & product demos on Ripcord's channel

Ripcord on YouTube
Product demos, robotic digitization in action & founder interviews
The Last Word

Back to the warehouse floor

Return to that robotic arm, still lifting folders, still stripping staples. A decade ago, the half-century of records it's feeding into a camera would have been a wall of cardboard boxes - searchable only by a person willing to lose a weekend. Now the boxes are gone, the paper is recycled, and the data is sitting in a cloud platform that can answer a question in seconds. The office didn't become paperless because someone wished it so. It became paperless because a robot, indifferent and tireless, finally agreed to do the part nobody else wanted.

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