Your Privacy and Data Processing Journey with Parsd
At Parsd, we understand that your privacy is important. This policy outlines how we handle your personal information throughout your interaction, from your initial visit to any future collaborations. This policy should be read together with our Terms and Conditions.
Parsd AB (“Parsd”), corporate identity number 559327-4664 (“we”, “us”, and “our”), with address Jenny Linds gata 5, 129 52 Hägersten, Sweden, and its subsidiaries, is the data controller for the processing of your personal data represented by the CEO Alexandra Kafka Larsson, email: hello@parsd.com
Purpose and the Lawful Basis for Processing Your Personal Information
Exploring Parsd
We use cookies to enhance your browsing experience when you visit our website. These small files help us understand your preferences and tailor our content to your interests. This lets us provide the most relevant information and ensure smooth navigation. If you choose to disable cookies when visiting our website, smooth navigation may be hampered.
Making Contact with Parsd
Should you have any questions or require assistance, we welcome you to contact us via email or chat. Your personal information, such as your name and email address, will be used solely to respond to your inquiries and provide support. If you choose to sign up for our newsletters or events, or interact with us a potential customer, we will sometimes send you information about what we do as a company and information about our products and services. You always have the opportunity to opt-out.
Becoming a Parsd User
If you choose to subscribe to our web application, we will collect the necessary information to process your subscription and grant you access to our Software-as-a-Service services. This includes your name, personal ID number, e-mail, phone, physical address, username, profile picture, IP address, and payment details, which are handled with utmost security using industry-standard encryption and protection measures.
For further information, visit allaboutcookies.org.
Utilizing Parsd
We gather data on your interactions as you engage with our web application. This includes the features you utilize and the actions you perform. This information is vital for improving our services, personalizing your experience, and ensuring optimal functionality.
To provide you with the best possible experience, Parsd utilizes a range of sub-processors to support our services. These include:
Within the EU
- File conversion services: To convert your documents into formats compatible with our platform.
- Natural Language Processing (NLP): To analyze and understand the content of your documents.
- Search Engine: To enable efficient search functionality within your documents, knowledge objects, projects and sources.
- Cloud Platform Analytics: To monitor platform performance and usage patterns.
- CRM, Support and Service Desk: To manage customer relationships and provide technical support, including payment/invoicing.
- Vector database for document embeddings: To store and retrieve document representations for analysis.
Outside the EU
- Vector database for document embeddings: To store and retrieve document representations for analysis.
- URL classification Service: To categorize and filter web content.
- LLM orchestration and monitoring: To manage and optimize large language model operations.
- Text extraction services: To extract text from various document formats.
- Text generation and embeddings: To generate text summaries and create embeddings for analysis.
- Text Extraction from Documents: To extract text from scanned documents and images
Our Commitment to Data Sovereignty
Parsd is committed to protecting your data and ensuring its sovereignty. We are actively working on re-architecting our underlying system to enable us to move all sub-processing within the EU. This will strengthen data protection and minimize data transfers outside the region. A detailed list of our sub-processors can be found here.
Concluding Your Parsd Experience
You can cancel your subscription anytime if you discontinue using the Parsd web app. We will delete your account and associated data as stated in our Terms and Conditions, on request, retaining only information required for legal or operational purposes. Your personal data will only be retained for as long as necessary to fulfil the purposes for which it was collected in accordance with this policy.
Throughout Your Journey
- Your Rights: You retain the right to access, modify, or delete your personal data at any point. You may also object to the processing of your data or request a portable copy of your information.
- Data Security: Protecting your data is a priority for us. We employ robust security measures to prevent unauthorized access, disclosure, or modification of your information.
- Data Sharing: We may share your data with trusted third-party service providers who assist us in delivering our services, but only to the extent necessary for their specific function. We never sell your data to third parties.
- Policy Updates: This policy may be updated periodically. We will notify you of any material changes by posting the revised policy on our website.
Moving forward
We believe this approach provides a clear and concise overview of our data handling practices while maintaining a user-friendly tone.
This policy was last updated on January 19, 2025.
Contact us
If you have any questions or concerns or wish to exercise your rights in accordance with what is stated above, please do not hesitate to contact us by e-mail hello@parsd.com or mail to:
Parsd AB
Jenny Linds gata 5
SE – 129 52 Hägersten
Sweden
Remarks on Artificial Intelligence
The Parsd app includes generative AI functionality with limited risk, as stated in the EU Artificial Intelligence Act (2024/1689). The app also includes AI functionality with minimal or zero risk, e.g. entity extraction, audio-to-text conversion, translation, etc.
(Back to Policy.)