Infrrd Crowned ‘IDP Innovator of the Year’ by Deep Analysis

San Jose, CA – March 2025: Infrrd, a global leader in Intelligent Document Processing (IDP), has been awarded the IDP Innovator of the Year by Deep Analysis. This recognition highlights Infrrd’s continued commitment to pushing the boundaries of innovation and delivering cutting-edge solutions for document automation.

“This company believes in rewarding innovation.” — Deep Analysis

Each year, Deep Analysis—a leading research and advisory firm specializing in AI and automation—reviews hundreds of IDP vendors, cutting through marketing buzzwords to spotlight true innovation. In their latest report, Infrrd stood out among intense competition to earn this prestigious title.

The award was announced in Deep Analysis’s latest report, "Intelligent Document Processing Market Analysis 2025–2028: IDP at the Crossroads." The report offers a comprehensive look at the evolution of Intelligent Document Processing (IDP), covering the industry’s progress through the four waves of development and providing an in-depth analysis of how IDP is advancing with AI.

IDP software now goes far beyond traditional OCR. It can read, understand, and extract data from documents using technologies like machine learning, natural language processing, large language models (LLMs), and generative AI (GenAI). Today, IDP is used across a wide range of tasks—from complex back-office claims processing to individual productivity use cases.

The report highlights three major trends reshaping IDP:

• AI Agents – Intelligent tools that automate decision-making and routine document tasks like fraud detection, underwriting recommendations, or data entry.
  
  
• Generative AI – Now adopted by 86% of IDP vendors, enabling data extraction and summarization without prior training.
  
  
• IDP Everywhere – With tools like Microsoft Copilot, IDP functionality is being embedded directly into everyday apps and operating systems.
  

 You can download the full report here.

Innovation has always been at the core of Infrrd’s mission, and this recognition stands as a testament to that commitment. Securing the Innovator of the Year title was no small feat—Infrrd was evaluated alongside hundreds of IDP vendors, including some of the industry's largest and most established players. In such a competitive landscape, this acknowledgment marks a significant and proud milestone for the company.

“One example that blew us away: Infrrd has added visual document processing models into a product offering targeted for the construction industry.” — Deep Analysis

Founded in 2016, Infrrd has long been a pioneer in the IDP space, consistently delivering intelligent, industry-specific solutions that help businesses automate document-heavy processes. The company’s innovations are backed by 12 awarded patents and have earned recognition from renowned analyst firms including Gartner, IDC, Everest Group, ISG, Zinnov Zones, and GigaOm.

“This award is a proud moment for us,” said Amit Jnagal, Founder and CEO of Infrrd. “We’ve always believed in solving the hardest problems with out-of-the-box solutions. Competing against hundreds of companies and being recognized as the top innovator confirms that we’re on the right path.”

Infrrd’s success is powered by its dedicated R&D team and a culture that fosters experimentation and breakthrough thinking. The company continues to invest heavily in research to ensure its solutions remain at the forefront of the evolving document processing landscape.

For more on Infrrd’s latest innovations and industry recognition, click here.

About Deep Analysis

Deep Analysis is an independent research and advisory firm that helps organizations understand and navigate complex technologies such as AI, automation, and document processing. With a focus on unstructured data and digital transformation, the firm provides in-depth evaluations, strategic guidance, and market insights to technology buyers and vendors.

About Infrrd

Founded in 2016, Infrrd is a leading provider of Intelligent Document Processing solutions. The company leverages AI-powered technology to help businesses automate complex document workflows, improve operational efficiency, and accelerate time-to-value. With a strong focus on innovation and customer success, Infrrd delivers tailored solutions to clients across industries worldwide.

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