Text IQ’s core product is a people-centric machine learning system that reads unstructured data (emails, Slack, text messages, documents) and extracts relevant information by learning an organization’s language and social relationships. The platform began as a tool for corporate legal teams to speed e-discovery and reduce reliance on manual review. It has expanded into HR/compliance use cases and privacy workflows, including supporting companies’ responses to GDPR data-access and deletion requests. Text IQ’s software runs behind customers’ firewalls so the technology parses data in-place rather than moving sensitive information offsite. The company sells via a tiered subscription model and positions its product as cheaper, faster, and more accurate than manual search processes. Following the new funding, Text IQ plans a hiring spree across R&D, engineering, product development, finance, and sales; the company also reported profitability in its first quarter entering the market and eight consecutive profitable quarters thereafter.

Total raised

$13M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2019