NAICS codes are vital to commercial underwriting, lending, fraud detection, payment processing, customer segmentation, and more. However, classifications are wrong nearly 50% of the time. This Medium post from Cortado Principal, Susan Moring, explains how Relativity6 uses AI technology for up to 90% accuracy in NAICS codes, saving companies, and the people who work for them, both money and time.
At Cortado, we create a long-form post about each of our investments to educate our stakeholders on the technologies we’re investing in and provide insight into our investment theses. This post covers one of Cortado’s newer investments, Relativity6, and is the first of many that will be posted here moving forward. Thanks to Cortado’s Research Fellow, Nathan Friels, for his contribution to this post.