Today, VIQ Solutions reported financial results for the 2019 first quarter and the close of an oversubscribed capital financing round. According to CEO and President Sebastian Paré, these results set a new turning point after last year’s acquisitions, which required $6.5 million in capital funding. “By March 31, the year end foundation began to reveal its accretive value, both operationally and financially, with much more to come throughout 2019 as the AI platform integration accelerates.”
The evidentiary data capture and transcription industry is at a significant inflection point. Explosive growth in the amount, and types, of information being captured is unrelenting. New threats to information privacy and security appear weekly. Advancements within artificial intelligence (AI) and machine learning (ML), create the perfect opportunity to employ enhanced technologies and an experienced services team to drive a new standard in the industry.