Relativity6
Relativity6 offers a data API for better risk selection in commercial underwriting, providing real-time business activity data and industry classification services. Founded at MIT in 2016, the company serves industries such as Insurance, Lending, Payment Processing, and Sales and Marketing.
Services
Relativity6 offers an array of data APIs tailored for enhancing risk selection in commercial underwriting. Their offerings include the NAICS Classification API, ActivitySights, Workers Compensation API, and Relevant Keywords. They also provide a segmentation API for customizable market segmentation and a risk flags API to help identify, assess, and prioritize risks in underwriting. Additional services involve real-time business activity data, including detailed industry classification, business descriptions, and research links.
Industries Served
Relativity6 serves multiple industries, notably Insurance, Lending, Payment Processing, and Sales and Marketing. The company's AI-powered APIs are designed to meet the specific needs of these sectors, including business classification for digital lending and real-time industry classification for NAICS, SIC, General Liability, and Workers Compensation codes. Their solutions help to reduce premium leakage and mitigate misclassification risks, offering significant value to their clients in these industries.
Partnerships and Collaborations
Relativity6 partners with leading companies to enhance their service offerings. A notable partnership is with Duck Creek Technologies, aimed at providing fast and accurate industry classification. Additionally, Relativity6's NAICS prediction technology has been selected by Measured Insurance. These partnerships underscore Relativity6's commitment to delivering high-quality, reliable data solutions for industry classification and risk assessment.
Company History
Relativity6 was founded at MIT in 2016 and is headquartered at 45 Prospect St, Cambridge, MA 02139. Since its inception, the company has rapidly grown, achieving significant milestones such as signing its 50th enterprise customer. The company is backed by investors including Fin VC, State Auto Labs Fund, and Vectr Ventures. Over the years, Relativity6 has established itself as a trusted provider of API solutions for industry classification and risk management.
Technology and Innovation
Relativity6 leverages advanced algorithms and machine learning to continually improve its business classification services. Their AI-powered APIs offer real-time classification for NAICS, SIC, General Liability, and Workers Compensation codes. The technology is designed for easy API integration and comes with robust customer support. Relativity6’s solutions enable clients to make data-driven decisions, reduce premium leakage, and minimize misclassification risks, all while providing fast and straightforward implementation.