About TextIQ
TextIQ is a Technology company based in New York (United States) founded in 2014 by Apoorv Agarwal and Omar Haroun, and was acquired by Relativity Technologies in May 2021. Cloud-based digital transaction platform for data extraction. TextIQ has raised $15.99 million across 4 funding rounds from investors including Relativity Technologies, FirstMark and Sierra Ventures. Its chief executive, as recorded, is Apoorv Agarwal. The company was acqui-hired. Its focus areas include Enterprise Applications, Business Intelligence, Unstructured Data Analytics and Text Analytics. Its competitors include Elastic, Primer and Fractal Analytics; 3 of its 3 listed competitors have raised funding.
Company details
TextIQ was founded in 2014 in New York, United States, within the AI and data analytics sector. A cloud-based platform is operated for extracting insights from unstructured enterprise data. Deep learning is applied to identify social networks and contextual relationships. Information categorization tools are provided, alongside text analysis features for assigning topics to feedback, conducting sentiment analysis, and generating reports. Subscription-based access is offered to users.
- Headquarters New York, United States
- Founders Apoorv Agarwal, Omar Haroun
- Stage Acquired
- SectorsTechnology
- Website textiq.com
- Social LinkedIn X Facebook
- Acquired by Relativity Technologies (May 2021)
- Total Equity Funding$15.99M (USD)
in 4 rounds
- Latest Funding Round$12.69M (USD), Series A
Jun 2019
- InvestorsRelativity Technologies
& 4 more
- Acquired byRelativity Technologies
(May 2021)
Funding Insights of TextIQ
TextIQ has successfully raised a total of $15.99M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $12.69 million completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $15.99M
- Total Rounds 4
- Last Round Series A — $12.69M
- First Round $300,000
(May 2015)
- Investors Count 4
All 4 funding rounds of TextIQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $12.69M | Series A | – | FirstMark | |
| May 2017 | Series A | – | Alchemist Accelerator | – | |
| Jun 2016 | $3M | Series A | – | Floodgate | – |
| May 2015 | $300,000 | Seed | – | – | – |
5 investors in total: 5 institutional.
Investors in TextIQ
TextIQ has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Relativity Technologies, FirstMark and Sierra Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital is invested in tech startups across sectors. | 1987 | firstmark.com | New York, United States | |
Early-stage venture capital investments in AI, healthcare, and enterprise technologies. | sierraventures.com | |||
Enterprise startups are accelerated via a 6-month program. | alchemistaccelerator.com | San Francisco, United States | ||
Early-stage investments are focused on by Floodgate in US startups. | floodgate.com | Menlo Park, United States | ||
Cloud-based e-discovery software is utilized for document review and analysis. | 1997 | relativity.com | Raleigh, United States |
Investor details for TextIQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of TextIQ
595 people are tracked at TextIQ (105 in leadership, 8 in board & advisors, 482 in team).
| Name | Role | Group |
|---|---|---|
Apoorv Agarwal | Co-Founder & CEO | Leadership |
Omar Haroun | Co-Founder | Leadership |
Raphael Theberge | Director Of Security Integrations | Leadership |
Kirk Larsen | CFO | Leadership |
Michael Wills | Director Of Community - Customer Success | Leadership |
Phil Saunders | CEO | Leadership |
Chris Brown | Chief Product Officer | Leadership |
Keith Carlson | Chief Technology Officer | Leadership |
Andrew Watts | Chief Customer Officer | Leadership |
Cristina Rossman | Chief Marketing Officer | Leadership |
Greg Ball | VP Engineering, Artificial Intelligence/machine Learning | Leadership |
Mar Tenas I Bastida | Sr. Global Director Of Procurement, Real Estate & Workplace Experience | Leadership |
Mandy Knote | Vice President Of Engineering | Leadership |
Jennifer Westropp | Global Head Of Talent Development & Performance | Leadership |
Arjun Ahluwalia | Head Of Global Strategy And Business Operations | Leadership |
Donna Chernecki | HR Transformation Director | Leadership |
Jessica Cruz | Director - Global Talent Acquisition | Leadership |
Natalia S. | Director, Global Benefits & Payroll | Leadership |
Mandana Mangan | Director, HR Systems And Operations Engineering | Leadership |
Brian Hunt | Sr Director Of User Experience | Leadership |
575 more people are available in the full profile.
Complete people profiles for TextIQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of TextIQ
4 dated milestones of TextIQ across 7 years, from founding to its latest funding, stage changes and deals.
- Founded TextIQ is founded.
- Funding First funding round of $300K.
- Funding Latest funding round, Series A, of $12.7M.
- Exit Acquired by Relativity Technologies.
Competitors of TextIQ
TextIQ has 3 listed competitors in our database, 3 of them funded. They include Elastic, Primer and Fractal Analytics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| elastic.co | 2012 | Mountain View, United States | $104M | 3,187 | Cloud based text analytics platform | |
| primer.ai | 2015 | San Francisco, United States | $222.7M | 194 | AI based text summarization and contextualization software tool | |
| fractal.ai | 2000 | New York, United States | $685M | 4,620 | Artificial intelligence and analytics solutions are provided for enterprise transformation. |
Detailed competitors of TextIQ
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in AI Core Platforms & Infrastructure
3 companies that operate in the same segment as TextIQ (AI Core Platforms & Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 58.07 B | 11,115 | ||
AI-powered graphical processing units and SoCs | 1993 | Santa Clara, California, United States | USD 5 M | USD 130.5 B | 42,000 | |
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 136.81 B | 6,146 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Textiq
Complete news archive for TextIQ
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about TextIQ
TextIQ was founded in 2014 and raised its 1st funding round 1 year after it was founded.
TextIQ is headquartered in New York, United States. It is registered at New York, New York, United States.
Apoorv Agarwal is the CEO of TextIQ, as recorded in our data. They have also founded this company.
TextIQ is a funded company, having raised a total of $15.99M across 4 funding rounds to date. The company's 1st funding round was a Seed of $300K, raised on May 2015.
TextIQ was founded in 2014 in New York, United States, within the AI and data analytics sector. A cloud-based platform is operated for extracting insights from unstructured enterprise data. Deep learning is applied to identify social networks and contextual relationships. Information categorization tools are provided, alongside text analysis features for assigning topics to feedback, conducting sentiment analysis, and generating reports. Subscription-based access is offered to users.
TextIQ's top competitors include Fractal Analytics, Primer and Elastic.
TextIQ has 5 investors. Key investors include Relativity Technologies, FirstMark, Sierra Ventures, Alchemist Accelerator, and Floodgate.
Yes. TextIQ was acquired by Relativity Technologies in May 2021.