SaaS startups have become the darling of Venture Capital investors, especially in the GovTech industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 5 VC funded SaaS startups in the GovTech industry.
With the aid of Citibeats, a social data platform, international organizations, governments, and private businesses may better comprehend how society is changing on a large scale and in real time, enabling them to make the best decisions possible. No matter the language, data source, or text structure, it is an Artificial Intelligence platform with unique Natural Language Processing technology and Machine Learning algorithms that enables the analysis of huge data on human behavior and transforms it into actionable insights. This makes it feasible to obtain precise evaluations of how specific issues, policies, or current events are impacting a society's members in real-time as well as their perceptions of such issues, policies, or current events. The results, which assist firms in managing developing risks and spotting early warnings on crucial issues, can be supplied up to 90 days sooner than traditional means, such as media, polls, or surveys. The first accessible tools to identify patterns from millions of voices in real time, the Sustainability and Societal Risk Monitors were introduced in 2022, allowing users to recognize and analyze social developments. The new subscription-based strategy was created to assist organizations throughout the world quickly and simply comprehend individuals' queries, desires, and worries regarding issues like citizen security, jobs and entrepreneurship, biodiversity, and sustainable cities. We have developed and scaled unique NLP & ML-based technology that enables the enhanced analysis of unstructured data on human behavior in just two years. We are able to give the greatest social data platform on the market in a greatly scalable manner because to this technology. Prestigious accolades given to Citibeats include: - The United Nations World Summit Awards; - The COGx for the finest use of AI in public services; - The NTT Open Innovation competition (that gave us the opportunity to work and develop a project with NTT Data) One of the first four IT businesses to use the fAIr LAC self-assessment tool was Citibeast in 2021. Through the best-in-class partners, we are expanding in Europe, LATAM, and Japan, presenting Citibeats as the moral AI created for inclusive, respectful, and responsive social understanding.
In North America, 1.7 million RFPs with a total contract value of $750 billion are released annually by 95,000 local governments. For access to this job, the businesses that rely on it spend $56 billion USD annually on sales and marketing. They employ Ontopical, a prominent provider of marketing intelligence, to their benefit. Every week, our program scans and analyzes hundreds of municipal meeting agendas, minutes, and videos, giving customers the opportunity to forge important connections before suggestions are widely requested. Derrick Koenig, the CEO of the prior business, increased revenue to $5M and successfully exited. three months hence. Our next-generation machine learning system can automatically identify early signals of impending business possibilities for your company in 2022, allowing you to go in front of RFPs. We now monitor more than 15,000 towns.
PolitAnalytics is a data and knowledge management platform for experts in politics, fully neutral and non-partisan. We serve policy makers, public affairs / government relations experts, thought leaders and pundits, compliance managers and risk assessors, politicians and their staff, as well as scientific researchers and journalists. We use the power of artificial intelligence and machine learning to provide predictive policy making analytics. Our customers can track the political development of their topics quickly and in real time, while the platform provides estimates of the speed of legal implementation, or the likelihood of success, along with knowledge management and collaboration features.
PublicInput connects organizations with the communities they serve. Today over 130 public agencies use PublicInput.com for public engagement, including virtual public meetings, surveys, CRM, and email and text communications solutions.
UrbanFootprint is the world's first urban intelligence platform — a comprehensive urban, climate, and community resilience data system that serves mission-critical insights to the institutions that are rebuilding, financing, and insuring the world's physical and social infrastructure. UrbanFootprint’s data and web-based geospatial software unifies previously siloed climate, environmental, urban, and socio-economic data and helps governments, utilities, financial institutions, and urban planners answer fundamental resource questions — where to invest, where to deploy resources, and where to optimize for risk, return, resilience, and community.
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