Lazarus AI, a Cambridge MA-based document understanding startup, received an undisclosed investment from WaveFx.

This funding will be used to expand operations and develop their AI technologies, including their proprietary language model, RikAI-2.

Specializing in OCR and data processing, Lazarus AI aims to streamline workflows in healthcare, insurance, law, and financial services.

With its powerful technology, the company has significantly reduced the time for reviewing and approving disability claims from three weeks to 30 minutes.