Ripcord Secures $25 Million

Enterprise IT startup Ripcord raised $25 million in Series B financing, led by GV. Telstra, Icon Ventures, Kleiner Perkins Caufield & Byers, Lux Capital, and Silicon Valley Bank also participated.

Ripcord is a robotic digitization company that scans, indexes, and categorizes paper records, making them searchable on the cloud and integrated into existing enterprise systems with office.com. According to the company, users can stay in compliance with chain of custody reports and role-based access controls, access their records, and analyze which records are viewed, and for how long.