The company was joined by WorkFusion, Socure, Onfido and Merlon Intelligence in receiving the honor
Earlier this month, Text IQ was named to the prestigious AI 100 list alongside just four other companies in the “Risk & Regulatory Compliance” category. Officially billed as “a ranking of the 100 most promising private artificial intelligence companies in the world,” the list is authored annually by CB Insights, the authority on emerging trends in artificial intelligence.
Only nine percent of all nominees and applicants were selected for this year’s ranking, and nine countries were represented among the finalists.
WorkFusion, Socure, Onfido and Merlon Intelligence joined Text IQ in the “Risk & Regulatory Compliance” group, with other highlighted categories including “Healthcare,” “Agriculture,” “Life Science” and “Robotics.” Each housed a handful of innovative companies using cutting-edge AI technology to positively impact their respective fields.
CB Insights CEO and co-founder Anand Sanwal revealed the second annual list at the A-ha! conference in San Francisco, recognizing the companies in front of an audience of 400 senior innovation executives from around the world.
“Last year’s AI 100 enjoyed amazing success in the year since earning this recognition. Fifty-five of them went on to raise additional funding nearing $2 billion and five were acquired,” Anand Sanwal said. “I’m happy that CB Insights is able to shine a light on the founders and companies that will revolutionize these industries, and look forward to seeing what they do in 2018 and beyond.”
Text IQ uses AI technology to prevent high-stakes compliance and legal disasters, with customers including Fortune 200 companies, government agencies and tech giants, as well as leading healthcare, biotech, energy, insurance and financial institutions. Its proprietary software is able to efficiently analyze big data in order to better identify sensitive, compromising and privileged documents, including those frequently overlooked by human reviewers.
The company has supported some of the most high-profile litigations and government investigations in recent news and is on track to be one of the fastest-growing B2B technology companies in Silicon Valley.
“We’re thrilled to have received this distinction, and honored to share it with these four other pioneering companies in our industry,” commented Text IQ co-founder and CEO Apoorv Agarwal.
“It’s an exciting time for both AI and compliance, and we’re proud to be transforming the regulatory landscape while delivering real results to our clients,” added co-founder and COO Omar Haroun. “This esteemed recognition reinforces our commitment to both.”