Red Violet (RDVT) 17th Annual Midwest IDEAS Conference summary

Company overview and management history

• Focuses on identity intelligence and analytics, aggregating data to verify identities and mitigate fraud risk.

• Management team has three decades of experience, previously building and selling similar companies for significant sums.

• Platform is AI-embedded from inception, enabling scalable and efficient data processing.

Key verticals and use cases

• Serves five main verticals: collections, investigative (law enforcement), financial/corporate risk, emerging markets (e.g., insurance), and real estate.

• In collections, provides high-confidence data to improve right-party contact rates, often moving up tiers due to data quality.

• Law enforcement use cases include mobile applications for rapid suspect identification and address verification for school districts.

• Powers about 1,000 law enforcement agencies and recently secured a multi-year contract with the largest U.S. agency, emphasizing data accuracy over price.

Technology and competitive advantages

• Cloud-native architecture allows dynamic scaling and integration of new AI-driven data gathering methods.

• Proprietary language (IRON) enables efficient identity resolution and rapid onboarding for data scientists.

• Security protocols include regular audits, SOC 2 Type 2, PCI Level 1, and ISO 27001 certifications, with robust breach detection and prevention.