Venture fund GVA Vestor.In invests in FiscalNote, a platform for analyzing legislative and regulatory data
Together with its American partners, GVA Vestor.In participated in $10 million Series C funding of FiscalNote.
- (1888PressRelease) March 07, 2016 - The FiscalNote platform aggregates federal and state legislative and regulatory data from open sources and uses machine learning to analyze it and forecast potential compliance risks for its clients with over 94% accuracy. Thus, the company helps major corporations to monitor all legislative actions that might have a negative impact on their business. Today, the company's client base includes Salesforce, Lyft, Walgreens, Southwest, and others.
DC-based American company FiscalNote was founded in 2013 by Princeton University graduates. The company plans to use Series C investments to continue developing its services.
"Today, big data technologies are changing industries that have been at a standstill for decades," says Pavel Cherkashin, managing partner of GVA Vestor.In. "The volume of legislative data is growing at such pace that companies don't have time to process it. The businessman then faces a dilemma: to hire expensive advisors or to leverage capabilities of artificial intelligence, which in addition will be much cheaper. FiscalNote has already changed the way the business and legislators interact in the USA, and is going to do the same in many other countries with high level of uncertainty in the field of compliance."
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam