Evolution AI
London data-extraction company with zero-shot models for financial statements and general documents, priced per page
Quick Overview
| Company | Evolution Artificial Intelligence Ltd |
|---|---|
| Category | Intelligent Document Processing (IDP) Software |
| Headquarters | London, United Kingdom |
| Founded | Not stated |
| EU Presence | Yes - United Kingdom |
| Data Location | Not stated on the pages checked |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Financial statements extraction, general document extraction, zero-shot learning, bank statements, invoices, human-in-the-loop service, RPA integrations |
| Pricing | Self-service from GBP 0.08 per page for bank statements and invoices at 100,000 pages a month; custom models add an annual GBP 10,000 fee |
| Best For | Lenders, investors and advisers who process financial statements and bank statements |
| Replaces | ABBYY Vantage, ABBYY FlexiCapture |
Detailed Review
Evolution AI is registered in England and Wales as Evolution Artificial Intelligence Ltd, with an office in London. Its two products are Financial Statements AI, built for balance sheets, income statements and cash flow statements, and Transcribe AI for every other document type.
The company publishes prices per page and says it charges no annual licence, implementation or hidden fees, except an annual GBP 10,000 fee for custom models.
Zero-shot extraction
Transcribe AI is described as a model pre-trained on more than 25 million documents that can read a new layout without a training stage. The company reports that accuracy passes 90 percent after 25 corrected documents and reaches 98 percent after 200, which are its own test results.
Users can also train the model themselves in the interface, without involving an IT team.
Self-service or managed
The pricing page splits service into self-service, where the client annotates and checks, and a managed service in which Evolution AI staff set up the model and review output. The invoice page promises data at least 99.9 percent accurate with errors corrected by its human-in-the-loop team, a guarantee that applies to the managed route.
Integration covers ERP and accounting systems and RPA platforms such as UiPath, Automation Anywhere and Blue Prism.
Fit for finance work
Its customers and case material lean towards commercial finance, private equity, insurance brokers and loan underwriting. Bank statement, passport and driving licence extraction are listed solutions, so lenders can cover onboarding and underwriting with one vendor.
Limitations to Consider
Evolution AI is a UK company, so the contract falls under UK rather than EU law, which suits buyers who accept UK adequacy but not those who want an EU entity. The pages checked do not state where data is hosted or list security certifications. The product focus is finance, so it is a weaker fit for broad back-office use than Doxis AI.dp.
Who Should Use Evolution AI
Lenders, investors, brokers and accountants that extract numbers from financial statements, bank statements and invoices and want transparent per-page prices.
Pros and Cons
Pros
- Per-page prices published
- Zero-shot reading of new layouts
- Managed service with human review
- Financial statements specialism
- RPA integrations listed
Cons
- UK rather than EU jurisdiction
- Hosting location not stated
- GBP 10,000 annual fee for custom models
- Finance-heavy focus
Alternatives to Evolution AI
Other European intelligent document processing (idp) software worth comparing before you decide:
Konfuzio
Germany · Document AI hosted in Germany or on your own servers
Parashift
Switzerland · Swiss document AI built on its own vision-language model
Typless
Slovenia · Ljubljana IDP API and invoice app, servers in the EU
Doxis AI.dp (formerly Klippa)
Netherlands · Groningen document AI platform with fraud checks
See all European intelligent document processing (idp) software or compare them directly against ABBYY Vantage on our alternatives page.
Frequently Asked Questions
Per page, with separate rates for self-service and managed service. Custom models add an annual fee of GBP 10,000 on top of page fees.
No. Evolution Artificial Intelligence Ltd is incorporated in England and Wales, so it is a UK vendor.
Financial statements through Financial Statements AI, and invoices, bank statements, contracts, passports and driving licences through Transcribe AI.