AltadaContinuesMomentuminMarketforData-DrivenDecisionMaking
Ireland’sLeaderinAIBuildsU.S.PresenceWithSanFranciscoLocationasGlobalDemandforItsFintech,Travel/Security andHealthcareSolutionsGrows
February15,202209:36AMEasternStandardTime
CORK,Ireland&NEWYORK--(BUSINESSWIRE)--AltadaTechnologySolutions,aglobalproviderofartificialintelligence(AI)solutionsthatsuperchargedata-driven decisionmakinginthefinancialservices,travel/securityandhealthcaresectors,todayannounceditsrecentcorporateaccomplishments.Thecompanythat“bringsAI tolife”hasachievedcontinuedcustomergrowthwhileundertakinganaggressiveprogramofinternationalexpansionthroughofficesinLondonandMalta,aswellas newofficesintheU.S.,includingafacilityinSanFranciscowhichopenedtoday,February15.
Altada’sDataIntelligencePlatformintegratesthefirstAIenginethatleveragesopticalcharacterrecognition(OCR)andnaturallanguageprocessing(NLP)to analyzelargevolumesofstructuredandunstructureddata.Thecompany’ssolutionenablesuserstonotonlymakesenseoftheirinformationbuttoalsogain meaningfulmarketinsightsthatdrivecompetitiveadvantage.ThecomprehensiveAltadaplatformaddresseskeymarketchallengesintheareasofasset management,contractintelligence,duediligenceformergersandacquisitions(M&A),andsafetyandsecurityfortravel,aswellasinhealthcaresectors,inorderto enabledata-drivendecisions.
RapidcustomerandemployeegrowtharefacilitatingAltada’sexpansion,andthecompanyhasbeendescribedas“astartuptowatch,”aswellasthenextunicorn, bytheIrishtechnologymedia Fromitsfoundingin2017,Altadahasgrownfromjust15tomorethan100employees,anditscustomersincludeRocktopPartners. Thecompanysuccessfullyraised$115millioninaventurefundingroundinQ3of2020ledbyRocktopPartners,withparticipationfromElkstonePartnersand EnterpriseIreland
Altada’sstrategicexpansiontoSanFranciscoplacesthecompanyattheheartoftheAIindustryintheU.S.anduniquelymakesAltadaoneofthefewcompaniesthat istransplantingIrishtechnologyandbrainpowertotheStates.“We’reafamily-ownedIrishcompanythatisexportingourtalentstotheBayAreabecauseitiswhere theactioniswhenitcomestoAI,”commentedAllanBeechinor,AltadaCEO.“Assuch,weplantobecomeakeyplayerintheemergingsoftwareecosystemthat makesuptheBayArea’sAIandfintechscene,andweareveryexcitedaboutourgrowthpotentialmovingforward.”
Thecompany’sU.S.expansionwillbedrivenbyCOOandSiliconValleyveteranGabeZingaretti,whowillleadsalesandoperationsefforts.Altadawillhave approximately15%ofitsworkforceintheBayArea,giventheregion’sdeeptalentpool.“I’mexcitedtojoinsuchahigh-growthcompanyandbringAltadatotheWest Coast,”hecommented “ThiscompanyhasapowerfulsuiteofAI-driventoolsthatdeliveroutstandingcustomerROI Iknowthatwewillbeenthusiasticallyreceived byUS customersandthelargertechcommunity”
TheAltadaSolution
TheAltadaAIPlatformempowersuserorganizationstoleveragetheircompletedatafabrictoachieveextraordinaryoutcomesinautomationanddata-driven decisionmaking Altadaistheindustry'sfirstmulti-AIfintechenginethatleveragesopticalcharacterrecognition(OCR)andnaturallanguageprocessing(NLP)in combinationwithbest-in-classdataengineering.Theplatformprovidesacompleteviewofthedatasupplychainthroughdataingestion,indexing,data remediations,andinference,whichultimatelyenablesbusinessestoscale,increaseprofitability,andrealizemeasurablebusinessimpact.
Forcustomersinthefinancialservicessector,Altadaprovidesmeaningfulimprovementsinaccuracyandspeed.RocktopPartnersusedAltadatoreduceits processingtimeforfinancialloanfilebatchesfromfourtosixweeksto48hoursanddecreasedthecostofprocessingitsloanfilesbyupto90%.
AccordingtoJasonPinson,CEOofRocktopPartners,“Altada’sAIsolutionshavegivenourbusinessacompetitiveedgeinthemarket,thankstotransformational operationalandcostefficienciesprovidedbytheirplatform.”
AboutAltada
Foundedin2017,Altadaisaglobalproviderofartificialintelligence(AI)solutionsthatsuperchargedata-drivendecisionmakinginfinancialservices,travel/security andhealthcare Thecompany’sDataIntelligencePlatformintegratesthefirstAIenginethatleveragesopticalcharacterrecognition(OCR)andnaturallanguage processing(NLP)toanalyzelargevolumesofstructuredandunstructureddata,enablinguserstonotonlymakesenseoftheirinformationbuttoalsogain meaningfulmarketinsightsthatdrivecompetitiveadvantage AltadaisheadquarteredinCork,Ireland,andoperatesin11offices,includingDublin,Malta,London, NewYork,andSanFrancisco Privately-held,AltadaisbackedbyventureinvestmentfromRocktopPartners,ElkstonePartnersandEnterpriseIreland Tolearn more,pleasevisithttps://wwwaltadacom/
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