Company Research Report: Relativity6
Company Overview
- Name: Relativity6
- Mission: To transform industry classification using advanced artificial intelligence, providing businesses with actionable insights to improve underwriting processes and risk management.
- Founded: 2016
- Founder(s): Alan Ringvald and Abraham Rodriguez
- Key People:
- Alan Ringvald, CEO
- Paul Bessire, Chief Data Officer, Coterie Insurance
- Jonathan Ringvald, Chief Product Officer
- Headquarters: 45 Prospect St, Cambridge, MA 02139
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Providing AI-powered business data solutions, primarily for underwriting; industry classification and NAICS predictions.
Products
1. Business Risk Intelligence
- Description: Offers insights to evaluate and mitigate risks associated with business operations.
- Key Features: Automated underwriting workbench integration, customized risk intelligence.
2. Property Risk Intelligence
- Description: Focuses on assessing risks related to property management and insurance.
- Key Features: Accurate and real-time classification of property risks using AI.
3. People Risk Intelligence
- Description: Analyzes and reduces personal risks related to insurance and underwriting.
- Key Features: Personal data evaluation for improved insurance underwriting.
4. Industry Classification API
- Description: Provides real-time industry classification via 6-digit NAICS codes and verifies business existence.
- Key Features: Fast and accurate industry classification; prevention of premium leakage; enhanced underwriting decisions.
Recent Developments
- Recent Partnerships:
- Duck Creek Technologies: Integration offering fast and accurate industry classifications to enable insurers to classify businesses more effectively.
- New Products/Features:
- No specific new product launches, but enhancements in existing solutions for broader applicability in underwriting processes.
- New Customers:
- Reached 50th enterprise customer highlighting growth and acceptance of their AI technology solutions.
- Strategic Partnerships:
- Measured Insurance: Partnership to assist in predicting NAICS codes to help create smarter insurance products.
Additional Information
- Industries Served:
- Insurance
- Lending
- Payment Processing
- Sales and Marketing
- Investment and Backing:
- Supported by Fin VC, State Auto Labs Fund, and Vectr Ventures.
Relativity6 continues to innovate and expand its solutions in industry classification, driven by AI, to improve the accuracy and efficiency of risk management processes across various industries. The company aligns closely with its values of putting customers first, actions over discussions, and prioritizing team collaboration.
