Anvil, a startup developing an AI-powered paperwork processing platform, secured $5 million in venture capital financing. : Business process automation startup Anvil today announced it has raised $5 million. The company, which provides a paperwork processing platform that helps businesses build online experiences, intends to use the funding to accelerate its product development and go-to-market efforts. Businesses share millions of paper forms every day. Only 18% of companies consider themselves paperless, according to an Adobe survey, and those in the U.S. waste $8 billion annually managing paperwork.