Tungsten Automation was founded in 1985 as Kofax, a document-capture and intelligent-automation company, and rebranded to its current name in January 2024 following Kofax's 2022 acquisition of Tungsten Corporation. The rebrand kept the underlying products, customer base, and roughly 2,200 employees across 32 countries operating without interruption.
The platform automates document-heavy business processes, invoice and payment (AP/AR) automation, general document and workflow automation, print and workplace automation, and PDF/eSignature, combining traditional OCR-based capture with newer generative-AI layers the company describes as "purposeful AI," aimed at matching AI capability to cost per task rather than applying a single model everywhere. Tungsten Automation was named a Leader in the 2025 Gartner Magic Quadrant for Intelligent Document Processing.
It fits large enterprises with high-volume, regulated document workflows (finance, insurance, healthcare, government) rather than small businesses with lighter document needs. Pricing is enterprise-only and quoted per deployment; third-party estimates place mid-market implementations around $25,000-$100,000/year and enterprise deployments from $100,000 to $500,000-plus annually.
