Relative Insight Secures $5 Million Series A, Boosting US Expansion Strategy

By STS News Desk On Oct 15, 2019

Relative Insight Secures $5 Million Series A, Boosting US Expansion Strategy

Language Understanding Platform to Open First North American Office to Support Growing Client Base

Relative Insight, a language understanding platform, has completed its Series A, securing a $5 million investment from Maven Capital Partners (“Maven”), one of the UK’s leading private equity and alternative asset managers. With the funding, Relative Insight will open its first US office in New York City and continue development of its AI-driven platform.

IDC estimates that in 2025, “the world will create and replicate 163ZB of data,” of which a significant amount is unstructured language data. Relative Insight helps B2B and B2C companies better understand their audiences through comparative linguistics by analyzing unstructured and undefined data sets such as customer feedback, social media, online product ratings and reviews, web page copy and market research surveys. Headquartered in Lancaster, United Kingdom, the company has seen traction in the US market working with leading advertising and marketing agencies including R/GA, McCann and VMLY&R.

“Our value proposition is simple. We help companies address the immense challenge of analyzing unstructured language data, which is growing at a rapid pace,” said Ben Hookway, CEO of Relative Insight. “With our platform we’ve seen huge success in helping companies quickly and accurately gain value from their existing data and provide analysis that results in significant business insights— a process that historically has been done manually. Expanding into the US market is the next logical step for the growth of our business.”

Relative Insight’s comparative analysis has been successful in campaign strategy development, market research and customer experience optimization, helping brands interact and communicate more effectively and better understand their audiences. Developed through a 10-year research project with Lancaster University’s linguistic and cybersecurity departments, the technology platform compares language sets to detect linguistic and attitudinal differences between consumers and brands as well as language differences over time.

“Relative Insight has developed an innovative, industry leading platform using cutting-edge linguistics analytics. It’s a fascinating sector and the team has a range of industry expertise able to support the company’s ambitious growth plans,” said Dave Furlong, Investment Director at Maven. “Today’s transaction is a great example of Maven’s private client funds working alongside the Northern Powerhouse Investment Fund to support a local business with a flexible funding package to enable it to grow globally. We look forward to working with Ben and the team as the business embarks on an exciting program of growth.”