Affinda, a global AI products company focused on intelligent document processing, has been recognised as the fastest growing AI company in Australia at the prestigious Deloitte Tech Fast 50 Awards.
Each year, the Deloitte Tech Fast 50 program identifies Australia’s top 50 technology companies based on their revenue growth over the past three years, awarding organisations that demonstrate outstanding performance, visionary leadership, and a commitment to driving industry-wide innovation. Affinda ranked 26th overall.
Affinda was founded by Melbourne brothers, Ben and Tim Toner, to transform the way organisations work with documents through cutting edge AI technology. It helps companies achieve productivity and efficiency gains through document process automation, solving complex business problems for large organisations globally.
With Ben’s profound technical expertise, boasting a PhD in Physics from Caltech, and Tim’s commercial acumen gained from his roles at Macquarie Group and Lazard, the Toner brothers embarked on a mission to harness the power of technology to address complex business challenges.
“As one of the nation’s longest standing and most esteemed tech award programs, recognition in the Deloitte Fast Tech 50 is a fantastic endorsement of our team and the confidence our customers have placed in Affinda and its technology,” said Tim Toner, Founder and CEO of Affinda.
According to Ben Toner, Founder and Chief Scientist of Affinda, “We’re not building AI to replace humans; we’re building it to supercharge their capabilities.
“Our customers are processing thousands of documents in a fraction of the time it used to take, while maintaining human oversight and decision-making,” he said.
The Affinda Group also encompasses Draftable, a cutting-edge document comparison solution, providing enterprise-grade comparison software to large organisations, law firms and legal teams for more than a decade.
In 2022, the Draftable team developed Draftable Legal, a document comparison solution built specifically for legal professionals, in response to the demand from the legal industry for a modern solution. Since its official launch in August 2023, over 600 law firms and legal teams worldwide have adopted Draftable Legal,including leading international firm Allens, UK Top 50 firm Brodies, and US Top 100 firm Baker Donelson.
Draftable Legal compares multiple document types, including Word documents, PDFs and scanned PDFs (built-in OCR), PowerPoint files, Excel files, Text files and free text, allowing users to easily and accurately identify changes, additions, and deletions in documents. Innovative features such as dynamic changed pages view, intuitive side-by-side comparisons and redlining capabilities in Word and Excel have set new standards in the global legal services industry.
