Relativity6, a Boston, MA-based provider of an AI platform for industry classification, raised $5.25M in Seed funding.
The round was led by Fin Capita,l with participation from State Auto Labs Fund, Vectr Ventures, Cortado Ventures, and Angel Ventures, and several strategic individuals in the insurance, financial services, and data space.
The company intends to use the funds to accelerate sales efforts within commercial insurance underwriting, drive expansion into new financial services markets, and the development of additional critical business data points.
Company: Relativity6, Inc.
Raised: $5.25M
Round: Seed Round
Funding Month: April 2022
Lead Investors: Fin Capital
Additional Investors: State Auto Labs Fund, Vectr Ventures, and Cortado Ventures
Company Website: https://www.relativity6.com/
Software Category: Industry Classification API
About the Company: Led by CEO Alan Ringvald, Relativity6 AI is a leading AI/Machine Learning Company, founded at MIT in 2016. Relativity6 provides an AI platform that retrieves up-to-the-second information about a business to automatically detect its 6-digit NAICS code and verify its digital existence. The company streamlines and simplifies the underwriting process through its proprietary real-time API that retrieves up-to-the-second information about a business to automatically detect its 6-digit NAICS code and verify its digital existence.
Source: https://www.finsmes.com/2022/04/relativity6-raises-5-25m-in-seed-funding.html