Harvey

San Francisco – September 19, 2026 -- Reducto, an agentic document platform, has opened a New York City office to anchor its East Coast enterprise expansion, the company said.

Reducto processes billions of pages after raising more than $108 million

The company has grown to process billions of pages for large enterprises and AI teams since disclosing more than $108 million in total funding last year from investors including Andreessen Horowitz and First Round Capital. Its customer base includes Harvey, Scale AI, Vanta, Toast, and unnamed Fortune 10 enterprises.

New model r-1 targets unified document parsing

Reducto recently released r-1, described as the first in a new generation of unified parsing models, as it works to extract structured data from complex documents for production AI workflows.

San Francisco – September 7, 2026 -- Reducto has introduced r-1, a document parsing model that processes complex files for 1 cent per page while cutting parsing errors by up to 20% compared with existing tools.

r-1 replaces multi-tool pipelines with a single model priced up to 6 times lower

Organizations handling dense tables, handwriting, scans, and non-standard layouts have typically relied on combinations of tools and post-processing layers to reach usable accuracy. Reducto says r-1 consolidates layout detection, reading order, tables, formatting, grounding, and granular citations into one model, eliminating the need to route files across multiple providers.