Inkit is a privately held company specializing in Secure Document Generation (SDG) software, offering solutions that automate document creation, digital signatures, and records management with a strong emphasis on privacy and security.
Company Overview
- Founded: 2016
- Headquarters: Minneapolis, Minnesota, USA
- Employees: Approximately 49
- Website: www.inkit.com
Product Offerings
Inkit's platform provides a suite of tools designed to streamline and secure document-related processes:
- DocGen: Automates the creation of documents and forms using predefined templates and data inputs via API integration.
- Workflows: Enables the development of custom workflows to generate, sign, and manage documents throughout their lifecycle without extensive coding.
- Records Management: Facilitates the organization, management, and secure storage of documents, including features like automatic expiration of documents based on predefined parameters.
- Digital Signature: Provides secure digital signatures compatible with various applications, ensuring legally binding agreements with encryption to prevent tampering and fraud.
Target Industries
Inkit serves a diverse range of industries, including:
- Financial Services: Securing financial and legal documents with industry-leading encryption.
- Government: Offering a Zero Trust document generation platform authorized to operate at DoD Impact Level 5.
- Healthcare: Protecting sensitive patient data through secure documentation and controlled access.
- Utilities: Managing, sharing, and deleting documents within streamlined workflows.
- Technology, Law, and Real Estate: Providing tailored solutions to protect intellectual property, manage client information, and ensure compliance with industry regulations.
Financial Performance
As of 2019, Inkit reported:
- Revenue: $2.4 million
- Customers: 100
- Employees: 34
Funding and Valuation
Inkit has secured funding through various channels:
- Total Funding: $200,000
- Latest Deal Type: Grant of $37,500 in February 2022
- Investors: Includes Minnesota Department of Employment and Economic Development, 9Yards Capital, Pine Grove, United States Department of Defense, and gener8tor.
Competitive Landscape
Inkit operates in the secure document generation and management sector, competing with companies such as:
- Lob: A cloud-based direct mail and address verification platform.
- Postalytics: A direct mail automation platform offering personalized variable data printing and tracking.
Strategic Partnerships and Developments
Inkit has engaged in strategic partnerships to enhance its offerings:
- Segment and Sailthru: Collaborations to improve integrations and expand market reach.
- Metro State University: Partnership for cybersecurity research supporting Secure Document Generation for the U.S. Air Force.
Customer Testimonials
Clients have reported significant benefits from using Inkit's solutions:
- BombBomb: Achieved a 17% increase in saved dunning accounts, with customers updating payment information and maintaining engagement nine months later.
- Asana: Praised Inkit's focus on data security, cost-effective solutions, and exceptional support team.
- Bite Squad: Experienced an 18% redemption rate on mailers, exceeding expectations.
