Factify raises $73M to brainify PDFs—because your endless version-control hell deserves an AI upgrade

Tel Aviv-based startup Factify has emerged from stealth with a $73 million seed round to revolutionize digital documents. Founded by Matan Gavish, a Stanford PhD and tenured professor of computer science, the company aims to move beyond standard formats like PDFs and.docx. Gavish believes the current static rigidity of digital files limits their utility and that a better, more intelligent document is possible. With three trillion PDFs in circulation, Factify's solution treats documents as intelligent infrastructure, carrying their own brain with a unique identity, live permission system, and immutable audit log. The company has built deep backwards compatibility to avoid demanding behavioral change from users. The seed round, led by Valley Capital Partners and backed by AI heavyweights like John Giannandrea, will be used to deepen the platform's core engineering and establish a US expansion hub in Pittsburgh. Factify's goal is to create a new document standard, making it the immutable record of the future.