Quantifind is a technology company that provides

software as a service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...

subscriptions used by financial institutions and government agencies to discover, investigate, and report entity risk as an indicator of potential

financial risk Financial risk is any of various types of risk associated with financing, including financial transactions that include company loans in risk of default. Often it is understood to include only downside risk, meaning the potential for financial ...

financial crime Financial crime is crime committed against property, involving the unlawful conversion of the ownership of property (belonging to one person) to one's own personal use and benefit. Financial crimes may involve fraud (cheque fraud, credit card fr ...

, and

money laundering Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions ...

. The company's algorithms extract signals from multiple sources of public,

unstructured data Unstructured data (or unstructured information) is information that either does not have a pre-defined data model or is not organized in a pre-defined manner. Unstructured information is typically text-heavy, but may contain data such as dates, num ...

, including tens of millions of such as news and legal filings, as well as sanctions lists and leaks databases. It performs analysis to assess the degree of risk associated with a particular person or organization, and provides web-based investigation and reporting tools. Quantifind's headquarters are located in

Palo Alto, California Palo Alto (; Spanish language, Spanish for "tall stick") is a charter city in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area, named after a Sequoia sempervirens, coastal redwood tree kno ...

, with additional teams in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

, and

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

History

Quantifind was founded in 2009 by Ari Tuchman and John Stockton, two quantum physicists from

Stanford University Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...

and

Caltech The California Institute of Technology (branded as Caltech or CIT)The university itself only spells its short form as "Caltech"; the institution considers other spellings such a"Cal Tech" and "CalTech" incorrect. The institute is also occasional ...

. With early funding from the

National Science Foundation The National Science Foundation (NSF) is an independent agency of the United States government that supports fundamental research and education in all the non-medical fields of science and engineering. Its medical counterpart is the National I ...

, Quantifind worked on pilots for technology and defense intelligence mapping, before a meeting with

Disney The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was originally founded on October ...

led the company to focus its data science on helping marketers gain insights they can use to optimize sales. The company then extended its data-driven strategy business into multiple verticals including retail, financial services, entertainment, consumer packaged goods, telecom, and QSR. In 2016, Quantifind began working with financial institutions to fight

and manage risk. In 2019, the company announced partnerships with Acuris Risk Intelligence and

Oracle An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. As such, it is a form of divination. Description The word '' ...

to "transform anti-money laundering processes" using enrichment from public data sources. In 2020, Quantifind announced partnerships with

OpenCorporates OpenCorporates is a website that shares data on corporations under the copyleft Open Database License. The company was launched on 20 December 2010, by Chris Taggart and Rob McKinnon. Recognition In 2011, the site won third place in the Op ...

, a provider of data on corporations, and

Snowflake Inc. Snowflake Inc. is a cloud computing–based data cloud company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The firm offers a cloud-based data storage and ana ...

, a cloud-computing-based data warehousing company. In 2021, Quantifind announced a contract with the

United States Department of Defense The United States Department of Defense (DoD, USDOD or DOD) is an executive branch department of the federal government charged with coordinating and supervising all agencies and functions of the government directly related to national secu ...

to accelerate development of Quantifind's risk assessment capabilities beyond financial crimes. It also announced Varo Money as a customer and

Dow Jones & Company Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', ''Barron's'', ''MarketWatch'', ''Mansion Global'', ''Financial News'' and ''Private Equ ...

as a partner.

Products

Quantifind's products are described on its website as being software-as-a-service offerings based upon its Graphyte™ platform for intelligent financial crimes automation. According to a white paper, the technology focuses on signal extraction across licensed or publicly available structured and unstructured data sets. Their entity-centric technology is able to link data sets using

named-entity recognition Named-entity recognition (NER) (also known as (named) entity identification, entity chunking, and entity extraction) is a subtask of information extraction that seeks to locate and classify named entities mentioned in unstructured text into pre ...

and linking (NER/NEL) to identify which customers and organizations present a fraud, money laundering, or

reputational risk Reputational damage is the loss to financial capital, social capital and/or market share resulting from damage to a firm's reputation. This is often measured in lost revenue, increased operating, capital or regulatory costs, or destruction of sh ...

to the bank. Its Graphyte webpage describes APIs that respond to synchronous and batch queries with risk information on the subject entity of the query. It also describes GraphyteSearch, a web-based investigations application that analysts use to perform investigations and create reports based on their work. Investors in Quantifind include

Redpoint Ventures Redpoint Ventures is an American venture capital firm focused on investments in seed, early and growth-stage companies. History The firm was founded in 1999 and is headquartered in Menlo Park, California, with offices in San Francisco, Los Angel ...

U.S. Venture Partners U.S. Venture Partners (USVP) is a venture capital investment firm specializing in early-stage ventures in enterprise software, cybersecurity, consumer, e-commerce, healthcare, and IT-enabled healthcare services. The venture capital partnership ...

Comcast Ventures Comcast Ventures was a corporate venture capital firm headquartered in San Francisco, California. History In early 2011, Comcast and NBCUniversal combined their two venture arms, Comcast Interactive Capital founded in 1999 and the Peacock Fund, ...

Andreessen Horowitz Andreessen Horowitz (also called a16z, legal name AH Capital Management, LLC) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. Andreessen ...

Iris Capital Iris Capital is a venture capital firm, specialized in the digital economy, primarily active in Europe. Since its creation, the Iris Capital team has invested more than a billion Euros in over 230 innovative companies. Iris Capital is sponsored ...

, Cathay Innovation,

Jerry Yang Jerry Chih-Yuan Yang (born November 6, 1968) is a Taiwanese-American billionaire computer programmer, internet entrepreneur, and venture capitalist. He is the co-founder and former CEO of Yahoo! Inc. As of February 2022, Yang has a net worth ...

’s

AME Cloud Ventures #REDIRECT AME {{redirect category shell, {{R from other capitalisation{{R from ambiguous page ...

Joseph Grundfest Joseph Grundfest (born 1951) is an American academic. He is the William A. Franke Professor of Law and Business at Stanford Law School and co-director of the Rock Center on Corporate Governance at Stanford University. He joined Stanford's facult ...

(Stanford Professor of Law and former SEC Commissioner),

S&P Global S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 The McGraw–Hill Companies, Inc.) is an American Public company, publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of busi ...

Nomura Holdings is a Japanese financial holding company and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institut ...

In-Q-Tel In-Q-Tel (IQT), formerly Peleus and In-Q-It, is an American not-for-profit venture capital firm based in Arlington, Virginia. It invests in high-tech companies to keep the Central Intelligence Agency, and other intelligence agencies, equipped with ...

, and Snowflake.

References

{{Reflist

External links

Official website
Companies based in Menlo Park, California Software companies established in 2009 Business intelligence companies Banking software companies 2009 establishments in California