Redactable Launches AI Redaction Platform for Confidential Documents with $90000 Pre-Seed Funding
Redactable has raised $900k in pre-seed funding for the launch of their AI-driven web application built to redact confidential documents quickly and permanently. Their AI system automatically detects confidential information in documents and redacts it with results that companies can trust. Redactable is launching with support from renowned VCs, including The Fund, Hustle Fund, Revelry, and Stony Lonesome Group.
Redaction is necessary when individuals and companies are sharing documents that contain confidential data with external parties. Issues can arise when the sender tries to manually obscure or delete the information. Some senders draw boxes over their PDFs or highlight the text black, thinking it hides the sensitive information, but in reality, people can see what’s underneath the boxes.
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“As a former loan consultant, I would get tons of confidential documents sent to me for due diligence packages,” says Redactable founder and CEO Amanda Levay. “I constantly managed documents such as client tax returns, social security numbers, account information, appraisals, and inspection reports. I soon found out that drawing boxes over sensitive data didn’t work. Convinced there was a better way to redact documents, I started Redactable.”
While there are many PDF editing tools, Redactable is a complete redaction platform built on AI and utilizes a SaaS business model. The platform leverages Natural Language Processing and Machine Learning to auto-detect confidential information in a document and redacts it fast. Since Redactable is web-based, there is no need to download any software or install any plugins. Users can also collaborate on large redaction projects – simply invite the team and get to work.
Redactable is a reliable solution that companies can be confident using. Rather than masked redactions that can be hacked or removed, the platform provides permanent redaction. Redactable also generates Redaction Certificates so that users can keep track of who is redacting each document and at what time.
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