Theta Lake, a San Mateo, CA-based leader in compliance artificial intelligence (AI) for video, voice, and unified digital communication, raised $5M in seed funding.
The round was led by Neotribe Ventures with Firebolt Ventures.
The company intends to use the funds to develop its platform and increase its market presence, including immediately hiring new team members for its California offices in Santa Barbara and San Mateo.
Led by Devin Redmond, co-founder and CEO, Theta Lake provides cloud-based compliance for video, audio, and other modern digital communications. Its patent-pending technology uses AI, deep learning, and integrates with audio recording, video marketing, and video conferencing platforms to detect compliance risks in what was said or shown in modern digital communications.
The company has signed partnerships with Zoom, Vidyard, Videolicious, and RingCentral as well as filed numerous patents for its compliance AI for digital communication monitoring and workflow.