Text IQ, a New York, N.Y.–based provider of AI solutions for identifying sensitive information, raised $12.6M in Series A funding.
The round was led by FirstMark Capital with Sierra Ventures.
The company intends to use the funds to accelerate its expansion into enterprise compliance and privacy.
Led by Apoorv Agarwal, CEO and Co-founder, Text IQ has developed a suite of AI solutions to help Chief Privacy Officers, Chief Information Officers, Chief Compliance Officers, General Counsel, and other executive roles at Fortune 500 companies find sensitive information in near real time. The solution leverages unsupervised learning, graphical modeling, and deep learning to uncover sensitive information hidden in enterprise data, mitigate their most dangerous legal, compliance, and privacy risks.
Customers include government agencies and Fortune 500 companies spanning pharmaceutical, financial services, insurance, technology, healthcare and other highly regulated industries.
Text IQ features an Advisory Board that includes:
– former Apple and Oracle General Counsel Dan Cooperman;
– former Verizon General Counsel Randal Milch;
– former Baxter International, Inc. Global General Counsel Marla Persky; and
– former Nationwide Insurance Chief Legal and Governance Officer Patricia Hatler.