In many companies, the same waltz repeats itself every time a contract, an invoice or a presentation sent by a supplier arrives. The document passes through several teams who download it, open it, compare it with internal databases and send it back with corrections. … which circulate again in the form of attachments. This routine reflects structural friction This slows down key processes and explains why document automation remains limited, even in companies with advanced systems. Anyformat was born in Madrid in 2024 to fill this gap.
The company was founded by Juan Huguet (CEO) and Diego Pérez (CTO) after identifying a common pattern in organizations with large volumes of information. Much of the data that affects critical operations continues to be locked in PDFs, Excel files or presentations that cannot be directly integrated into internal systems. In fact, according to the “Innovation Catalyst” report prepared by Dell Technologies, 68% of Spanish companies fail to convert their data into valuable information in real time, a factor that conditions efficiency in sectors with a high document burden.
Anyformat applies generative AI models extract information from any document, interpret it and return it standardized, with the associated evidence and ready to be integrated into operational flows. “Companies do not have a problem with the adoption of AI, but rather with a problem with the availability of reliable data,” comments the CEO.
The first use cases helped shape the product. Teams processing dozens of submissions each week could automate extraction and dedicate human work to validating only those cases requiring review. “We understood that the real value is not just in reading a document, but in provide useful experience to non-technical teams, with human supervision when necessary and total traceability,” explains Huguet.
One of the differential capabilities of the platform is the real-time transition with business databases. If a supplier appears named with different variations between a contract and the ERP (software that concentrates the accounting, purchasing and sales of a company), the system identifies the equivalence, suggests the correct reference and attaches the evidence used to justify the standardization. According to company data, this integration reduces processing time between 60 and 90 percent, in some cases from eighteen minutes per document to less than two.
The economic model combines an annual subscription with consumer credits based on the volume processed. The company is already working with Government of Singapore, L’Oréal and the IAG Group and plans to exceed one million euros in recurring revenue in 2026, driven by commercial expansion and the increase in automation and compliance use cases.
New momentum
After closing a €3.3 million funding round led by Kibo Ventures, the startup will accelerate product development, expand technical teams and strengthen commercial capacity in Spain and the European Union. The company will also invest in security improvements and certifications such as ISO 27001, necessary for working with large companies and public administrations.
The startup plans this evolution towards a broader objective, building the new European documentary infrastructure. “We aspire to be the engine that governments and large companies use to transform documents into actionable information,” says Huguet.
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