Provides an API that uses AI to classify private companies with 6-digit NAICS and SIC codes, offering confidence scores, business descriptions, and real-time activity data. This enables industries like insurance, lending, and payment processing to improve risk assessment, streamline underwriting, and enhance data accuracy in CRM systems.
Funding
$6.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CVFCPAVFounders
Product
Problem
Accurately classifying private companies using standard NAICS and SIC codes is challenging due to outdated information and the complexity of modern businesses. Inaccurate classifications lead to flawed risk assessments, inefficient underwriting processes, and unreliable data within CRM systems.
Solution
Relativity6 offers an AI-powered API that automatically classifies private companies using 6-digit NAICS and SIC codes. The API provides confidence scores, business descriptions, relevant keywords, and business research links, delivering real-time activity data to enhance understanding of a company's operations. This enables insurance providers, lenders, and payment processors to improve risk selection, streamline underwriting workflows, and maintain data accuracy. The system scans the web to predict NAICS codes, providing a live search tool for industry classification.
Target Audience
The primary customers are in the insurance, lending, and payment processing industries, as well as sales and marketing teams seeking to improve data accuracy and efficiency.
Features
- AI-driven classification using 6-digit 2017 and 2022 NAICS and SIC codes
- Confidence scores for classification accuracy
- Business descriptions generated from real-time activity data
- Relevant keywords extracted from company websites and online presence
- Business research links for deeper due diligence
- LRO Cotenancy Data
- API integrates into existing underwriting workbenches and CRM systems