Relativity Acquires AI Company Text IQ to Elevate Core E-discovery, Compliance Offerings
Relativity is banking that Text IQ's technology will help to drive improvements to its own platforms—in particular the AI and machine learning functionality in tools like RelativityOne and Relativity Trace.
May 27, 2021 at 11:16 AM
4 minute read
Relativity jumped up another IQ point. Today the e-discovery provider announced it has acquired artificial intelligence company Text IQ for an undisclosed sum in a gambit to expedite the evolution of products like Relativity Trace and RelativityOne.
The move comes shortly after private equity-firm Silver Lake became Relativity's largest shareholder with a significant minority stake, after investing an undisclosed amount in the company this past March to help fuel its innovation and growth.
"We really feel that over the next 10-years, that our industry—legal, compliance, privacy, etc.—are going to be radically transformed by what's possible now in AI," said Relativity's CEO Mike Gamson.
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