Text Analytics Company Reports 83% 3-Year Revenue Growth
Luminoso, the company that turns unstructured text data into business-critical insights, announced that it has been named to the annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing companies.
“As businesses across industries look for tools that apply the same rigor to the analysis of their qualitative text data as they are accustomed to with quantitative data sources, the demand for our products has exploded,” said Adam Carte, CEO of Luminoso. “Our team’s sole focus is on giving organizations the tools to spot emerging trends communicated by customers and employees before they’re realized in financial data. Companies looking to spot and address emerging issues before they become a problem have fueled our growth. I couldn’t be prouder of our team’s accomplishments, and look forward to celebrating many more in the years ahead.”
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Luminoso launched out of the MIT Media Lab in 2010. During the last three years of business growth that the Inc. 5000 list is based on, Luminoso has launched a suite of AI-powered text analytics applications that offer organizations the fastest way to rigorously analyze unstructured text data – such as customer and employee survey responses, chatbot conversations, and contact center transcripts – natively in 15 languages. Unlike other AI-powered text analytics applications, Luminoso’s don’t require training, coding, libraries, or ontologies to dynamically analyze unstructured text data and quantify emerging concepts. Organizations simply upload their text data, and uncover insights in minutes across any domain, industry, or use case.
Luminoso’s product launches over the last three years have enabled the company to achieve a series of technology and growth milestones, including:
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Attracting a global customer base: Luminoso’s text analytics solutions are now used by global companies and the market insights community such as Hilton, Shapiro + Raj, Liberty Global, Supercell, DENSO, athenahealth, Officeworks, and Swiss Post Solutions. Read detailed case studies about how businesses are using Luminoso here.
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Receiving analyst and media recognition: Luminoso was listed as a Representative Vendor in Garter Market Guide for Text Analytics 2018, and in 2019 won the Frost & Sullivan Customer Value Leadership Award. In 2020, Luminoso was named to the KMWorld AI 50 list for “companies empowering intelligent knowledge management.”
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Closing Series B financing: In December 2018, Luminoso announced $10M in Series B financing, led by DVI Equity Partners, bringing Luminoso’s total equity funding to $29.7M.
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Expanding footprint in the U.S. and Japan: In June 2018, Luminoso established Luminoso Japan GK in Tokyo. In 2019, the Luminoso announced it was moving into a larger global headquarters in Downtown Boston.
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“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
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