Theta Lake

Theta Lake provides a solution that integrates with major video conferencing platforms (such as Zoom, Microsoft Teams, Cisco Webex, etc.) and uses patented AI technology to monitor calls on the platform to detect regulatory and other compliance risks across what is said and shown in these calls. The platform supports sector-specific regulations such as the Markets in Financial Instruments Directive (MIFID) and privacy regulations such as GDPR. The company also provides solutions for archiving video and audio recordings in compliance with the above regulations. In February 2021, the company announced an expansion to the UK.

As of March 2022, Theta Lake had an employee headcount of 64 and had plans to expand this to more than 100 by 2022. The company also counted more than 50 customers (75% in financial services) such as Wells Fargo, TD Securities, Advisor Group, Longview Partners, Attivo Group, Reeves Independent, and Tupicoffs. The company has more than 40 integrations with collaboration and unified communications platforms such as Zoom, Microsoft Teams, and Slack.

In March 2022, the company raised USD 50 million in a Series B funding round led by Battery Ventures. The funds were expected to be utilized to accelerate its commercial expansion and triple its customer base and revenue over the following 12 to 18 months.