Vendict

Vendict

Vendict - Vetting Vendors in minutes..

HQ location
Tel Aviv-Yafo, Israel
Launch date
Employees
Enterprise value
$40—60m
Company register number
516274743
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$10.0m

Series A
Total Funding000k
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More about Vendict
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Vendict.com is a technology startup that specializes in the development of an advanced AI Natural Language Processing (NLP) engine. This engine is designed to understand and categorize text related to security, privacy, and compliance. The company's primary market is businesses that require assistance in managing and understanding complex documents in these fields.

Vendict's AI engine is integrated into all its modules, providing a seamless user experience. It can identify relevant topics in a text and find related entries in its Knowledge Base, effectively answering questions or providing insights. This feature is particularly useful for businesses that need to navigate through large volumes of information quickly and accurately.

One of the unique selling points of Vendict is its multilingual capabilities. The platform can handle source documents and questionnaires in various languages, making it a versatile tool for global businesses. It also highlights informative words in the text, aiding in comprehension and analysis.

Vendict also supports different security questionnaire formats, including Excel, Word, PDF, and even those from third-party platforms. Its AI engine not only locates the questions but also understands where responses should be input. This feature is further enhanced by a specially developed Chrome extension that allows users to automatically fill out questionnaires directly from third-party platforms.

The company operates on a software-as-a-service (SaaS) business model, likely generating revenue through subscription fees. While it's not explicitly stated, the mention of a free trial suggests that customers can test the service before committing to a paid plan.

Keywords: AI, Natural Language Processing, Security, Privacy, Compliance, Multilingual, Questionnaire, Knowledge Base, Chrome Extension, SaaS.

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