Nuix has entered into an agreement to acquire all the shares in Topos Labs, Inc. (Topos) a developer of Natural Language Processing (NLP) software that helps computer systems better understand text and spoken words at speed and scale.
Topos is a software company headquartered in Boston. Its artificial intelligence (AI) driven NLP platform is designed to reduce the workload on data reviewers and analysts by surfacing relevant or risky content faster. Its mission is to provide customers with risk-oriented content intelligence for pro- active risk management and regulatory compliance.
Topos’s early-stage platform is already able to automate accurate analysis and classification of complex content in documents, electronic communications, and social media. NLP models can be defined directly by business users through the no-code user interface, reducing the time required to identify risk in an organisation’s data. Topos is then also able to present the risk assessment of confidential, sensitive, and regulated content in user-friendly dashboards.
Nuix plans to optimise the technology to benefit its Investigations, eDiscovery and GRC (Governance, Risk and Compliance) solutions, by enhancing the unstructured data processing power of the Nuix Engine.
Nuix Engineering Founder and Chief Scientist David Sitsky said “The acquisition of Topos is an exciting evolution in Nuix’s journey. Integrating the Nuix engine’s ability to process vast quantities of unstructured data with the next generation NLP capabilities of Topos will be game-changing for Nuix’s product portfolio.”
Upon financial close which is expected …….