PR Newswire · Jan 2025
Foundation AI announced the appointment of Tom Majchrowski as CTO, citing his experience in technology leadership, cloud strategy, cybersecurity, AI, NLP, and scaling engineering organizations.
Company research
Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Overview
Foundation AI is a privately held intelligent document-processing company serving law firms, insurance companies, claims departments, self-insured employers, and third-party administrators. Its platform captures inbound mail, emails, attachments, faxes, and large files; classifies and extracts information; matches documents to matters or claims; and automates naming, routing, filing, alerts, and downstream workflows.
Primary product
Foundation AI Platform, formerly marketed in part as Extract Filer: an AI-powered document intake and document-operations platform.
Founded
2019
Headquarters
19800 MacArthur Blvd, Suite 300, Irvine, California 92612, United States
Team size
150-200; company site also describes the organization as nearly 200 people
Work style
Flexible
Industry
Software Development
Sub-industry
Intelligent document processing, legal technology, insurance technology, workflow automation
Offices
Irvine, California, United States
Tustin, California, United States
Hyderabad, Telangana, India
Business model
B2B SaaS subscription
Enterprise software licensing
Implementation and integration services
Customization and support services
Funding
People & investors
Leadership
Co-Founder and Chief Executive Officer
Co-Founder and Chief AI Officer
Co-Founder and Chief Operating Officer
Chief Technology Officer
Chief Marketing Officer
VP of Finance and Administration
VP of Customer
VP of AI Engineering
Senior Director of Product
Troy Payne
Senior Vice President, Delivery
Karl Mundt
Founders
Former Co-Founder and CTO; public profiles indicate he left Foundation AI in 2022
Work & culture
The company emphasizes customer empathy, accountability, prioritization, planning, execution quality, continuous learning, professional growth, and teamwork. Its careers materials describe a meritocratic environment focused on applied AI and machine learning, with employees across the United States and India.
Work style
Flexible
Product & market
Pricing
Enterprise subscription pricing specified in customer order forms; public list pricing was not found. The company also charges for implementation, customization, consulting, and support services.
Differentiators
- —Specialization in high-volume legal and insurance document workflows rather than generic OCR alone
- —Matter and claim matching against practice-management, claims, and document-management systems
- —Human-in-the-loop exception handling with field-level confidence scores
- —Automated naming, filing, routing, tasking, escalation, and downstream data entry
- —Integrations with systems including Litify, Clio, MerusCase, Filevine, Microsoft products, Snapsheet, Google Drive, and Docrio
- —Security and compliance claims including SOC 2 Type II, ISO 27001, and HIPAA compliance
- —Customer case studies report substantial reductions in manual processing time and labor requirements
Technology
Proprietary machine-learning models
Natural language processing
Computer vision
Optical character recognition
Human-in-the-loop validation
Confidence scoring
AWS
Microsoft Azure
Python
React
Celery
RabbitMQ
Keycloak
Docker
Jenkins
Terraform
CloudFormation
Prometheus
Grafana
ELK Stack
Customers
Sweet James
Nyman Turkish
Floyd Skeren Manukian Langevin, LLP
Branch Insurance
Bradford & Barthel
Acumen Law LLP
Saiontz & Kirk, P.A.
The Dominguez Firm, LLP
Gideon Graham Firm
Maximus Law
Competitors
Esker
Hyperscience
Rossum
ABBYY
Kofax
UiPath
Evisort
Litera
Onit
insightsoftware
Scale & contact
Estimated revenue
$1M-$10M; one Exa company profile estimates approximately $3M annual revenue. These are third-party estimates, not company-reported financials.
Latest news
LinkedIn · Jan 2025
A company executive reported that Foundation AI added 63 firms, representing 1,928 attorneys, and processed more than 7.5 million documents during 2024, allegedly saving 187.5 work years.
LinkedIn · Mar 2024
Foundation AI highlighted its inclusion in Forbes’ America’s Best Startup Employers 2024 ranking.
LinkedIn · Nov 2023
Foundation AI announced an integration with Clio to help law firms automate inbound document processing and related workflows.
LinkedIn · Oct 2023
Snapsheet and Foundation AI announced a partnership focused on AI-powered processing of insurance claims documents and correspondence.
Jobs and careers at Foundation AI
4 jobs at Foundation AI
Software Engineering
On-site
Engineering
San Francisco, Boulder, or Austin; United States
7mo ago
On-site
Full-time
Customer Success Manager/Lead
Remote
Customer Success
San Francisco or Boulder
7mo ago
Remote
Full-time
Marketing Lead
On-site
Marketing
San Francisco; San Francisco, California, United States
7mo ago
On-site
Full-time
Lead Designer
On-site
Design
San Francisco; San Francisco, California, United States
7mo ago
On-site
Full-time