Nanonets is an AI-powered document processing platform, founded in 2017, that offers template-free extraction, a visual workflow builder, and no-code automation at per-run pricing ($0.02--$0.30/run).
Nanonets is a mid-market IDP platform with a visual workflow builder, template-free extraction, and no-code automation. Its block-based workflow interface (import, data-action, and export blocks) is well-designed for non-technical users. If you need document automation with workflow logic and don't have strict European compliance requirements, Nanonets is worth evaluating.
For European enterprises that need EU jurisdiction, zero data retention, and confidence they can automate against, the gaps are structural rather than functional.
Customization and extraction approach
Nanonets uses template-free extraction with configurable fields and tables. You define the fields you want and the out-of-box models handle common document types without a labelling cycle.
anyformat also uses zero-shot extraction: define your schema, upload your document, get results. Schema changes happen in our Studio and apply instantly.
This row is a genuine match, and the comparison moves to what surrounds the extraction. anyformat pairs the schema with calibrated per-field confidence, visual citations that link each value to its exact position on the page, and an evaluation suite that scores a schema change against verified ground truth before it reaches production.
Pricing model
Nanonets uses per-run pricing at $0.02–$0.30/run depending on task type. Accessible at low volumes. At scale, per-run pricing compounds quickly, especially when workflows involve multiple blocks and each block counts as a separate run.
anyformat offers transparent, predictable pricing designed for production volumes. No surprises as your document volume scales.
Parse and extract capabilities
Nanonets targets 98% precision automation and returns a confidence score on each extracted field. On common document types (invoices, receipts, standard forms) it performs competitively, and its table extraction preserves colspan and rowspan structure rather than flattening merged cells.
anyformat supports 100+ formats and adapts to any layout without templates or training data. Our engine combines LLMs with deterministic rules and calibrated confidence scoring for 99% production accuracy. The distinction is calibration: a raw score tells you the model's internal certainty, while a calibrated score is right as often as it claims to be, which is what an automation threshold has to rest on. anyformat measures 99.1% calibration accuracy with an Adaptive ECE of 0.009 (anyformat benchmark, 2026).
Accuracy in production
Nanonets targets 98% precision and uses confidence scoring to manage accuracy. For standard document types, this is competitive.
anyformat achieves 99% accuracy in production with a different approach to handling uncertainty. Our confidence scores are calibrated: when the system says it is 95% confident, it is right 95% of the time. That calibration is what makes reliable automation possible. The system knows what it knows and flags what it doesn't.
There is also a measurement layer. Every anyformat Extract and Classify workflow has a Health tab where you build a dataset with verified ground truth and run numbered, immutable evaluations that score any workflow version field by field, with the dataset benchmark shown next to live production accuracy (Evals).
European sovereignty and data residency
Nanonets is a US company running on multi-tenant cloud infrastructure (AWS/GCP/Azure), and its own security policy states that customer data is stored in the USA. It lists GDPR compliance and will sign a DPA, so European transfers rest on the EU-US Data Privacy Framework and standard contractual clauses.
anyformat is EU-native. Built by a European team, deployed with European data residency controls, GDPR-compliant by architecture. For organizations under GDPR, NIS2, or sector-specific European regulations, contractual compliance from a US processor and EU jurisdiction by default are not the same thing.
ISO 27001 and compliance
Nanonets lists SOC 2, ISO 27001, HIPAA, and GDPR compliance. Solid portfolio.
anyformat is ISO 27001 certified with certification scope covering the document processing pipeline end-to-end. We built our ISMS before the audit narrative. Our controls reflect what we actually do, not what templates say we do.
Both platforms clear the certification questions in typical European procurement. The difference is where the data sits and under whose law: Nanonets stores customer data in the USA, anyformat processes it in the EU.
Zero data retention
Nanonets retains data while a paid subscription is active. Its published policy deletes data on written request, or after an unspecified period following termination, and it does not document a zero-retention processing mode. A window you cannot name is a window you cannot put in a contract.
anyformat offers zero-retention processing as a native option. Documents are processed and source files are not persisted beyond the processing window. If your data minimization obligations require a stated retention period, that is the row to look at.
Workflow builder and orchestration
This is where Nanonets genuinely differentiates. The block-based workflow builder with conditional logic, lookups, Python blocks, and approval steps is well-designed for non-technical automation.
anyformat's visual workflow builder (Studio) offers branching, conditions, splitting, routing, extraction operators, and human-in-the-loop validation.
Both are real no-code builders. The difference is depth: anyformat workflows are built for production document operations, with validation gates, confidence thresholds that route uncertain fields to a reviewer, and operational monitoring against a ground-truth benchmark.
On-premise deployment
Nanonets offers VPC and on-premise deployment alongside its multi-tenant cloud, so a data perimeter is achievable on either platform.
anyformat offers private cloud and on-premise deployment, including air-gapped environments. The choice between them is not whether your data can stay inside your perimeter but which jurisdiction governs the vendor when it doesn't.
Long tables and complex layouts
Nanonets extracts tables without templates and preserves colspan and rowspan, so merged cells survive the round trip.
anyformat's multi-stage pipeline handles table complexity natively: merged cells, multi-page spans, and structural breaks are core capabilities, not edge cases, and every extracted cell carries its own confidence score and page position.
Nanonets localizes figures within a document but does not describe what they contain. anyformat detects figures, classifies them in context, and produces structured descriptions of charts, diagrams, and embedded images, each with a visual citation back to the region of the page it came from.
Yes, if your requirements include European jurisdiction, zero data retention, or confidence values you can automate against.
Nanonets is a capable platform for mid-market teams automating document workflows with a visual builder, template-free models, and per-field confidence. On raw capability the two platforms overlap on most rows of the comparison table above.
Where they separate is procurement and operations. Nanonets stores customer data in the USA and publishes no zero-retention mode, so European compliance rests on contractual mechanisms rather than jurisdiction. And confidence without published calibration is a number, not a threshold: anyformat measures calibration at 99.1% accuracy and attaches visual citations to every value, which is what makes straight-through processing defensible in an audit.
Per-run pricing ($0.02--$0.30/run) also compounds when workflows involve multiple blocks, each counting as a separate run. At enterprise volumes, this becomes unpredictable. anyformat's pricing model is designed for scale.
If you need no-code automation at moderate volumes and US data storage is acceptable, Nanonets delivers. If you need EU-native sovereignty, zero retention, and calibrated confidence with an audit trail, anyformat is the stronger fit.
When to choose Nanonets
Mid-market teams needing no-code workflow automation on standard document types, with moderate volume and no strict European sovereignty or retention requirements.
European enterprises that demand ISO 27001, EU-native sovereignty, zero-retention processing, and calibrated confidence with visual citations -- proven at enterprise scale. Get started at anyformat.ai.
anyformat is the agentic document intelligence platform built for European enterprises. ISO 27001 certified, GDPR-compliant, with zero-retention processing and on-premise deployment. Get started at anyformat.ai
