NLP

Altada continues Momentum in market for Data-Driven Decision Making

Ireland’s Leader in AI Builds U.S. Presence With San Francisco Location as Global Demand for Its Fintech, Travel/Security and Healthcare Solutions Grows

Altada Technology Solutions, a global provider of artificial intelligence (AI) solutions that supercharge data-driven decision making in the financial services, travel/security and healthcare sectors, today announced its recent corporate accomplishments. The company that “brings AI to life” has achieved continued customer growth while undertaking an aggressive program of international expansion through offices in London and Malta, as well as new offices in the U.S., including a facility in San Francisco which opened today, February 15.

Altada’s Data Intelligence Platform integrates the first AI engine that leverages optical character recognition (OCR) and natural language processing (NLP) to analyze large volumes of structured and unstructured data. The company’s solution enables users to not only make sense of their information but to also gain meaningful market insights that drive competitive advantage. The comprehensive Altada platform addresses key market challenges in the areas of asset management, contract intelligence, due diligence for mergers and acquisitions (M&A), and safety and security for travel, as well as in healthcare sectors, in order to enable data-driven decisions.

Rapid customer and employee growth are facilitating Altada’s expansion, and the company has been described as “a startup to watch,” as well as the next unicorn, by the Irish technology media. From its founding in 2017, Altada has grown from just 15 to more than 100 employees, and its customers include Rocktop Partners. The company successfully raised $11.5 million in a venture funding round in Q3 of 2020 led by Rocktop Partners, with participation from Elkstone Partners and Enterprise Ireland.

Altada’s strategic expansion to San Francisco places the company at the heart of the AI industry in the U.S. and uniquely makes Altada one of the few companies that is transplanting Irish technology and brainpower to the States. “We’re a family-owned Irish company that is exporting our talents to the Bay Area because it is where the action is when it comes to AI,” commented Allan Beechinor, Altada CEO. “As such, we plan to become a key player in the emerging software ecosystem that makes up the Bay Area’s AI and fintech scene, and we are very excited about our growth potential moving forward.”

The company’s U.S. expansion will be driven by COO and Silicon Valley veteran Gabe Zingaretti, who will lead sales and operations efforts. Altada will have approximately 15% of its workforce in the Bay Area, given the region’s deep talent pool. “I’m excited to join such a high-growth company and bring Altada to the West Coast,” he commented. “This company has a powerful suite of AI-driven tools that deliver outstanding customer ROI. I know that we will be enthusiastically received by U.S. customers and the larger tech community.”

For more such updates and perspectives around Digital Innovation, IoT, Data Infrastructure, AI & Cybersecurity, go to AI-Techpark.com.

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