Prime Unicorn Index Improves Rate of Innovation with ThirdAI’s Generative Platform

Overview: Prime Unicorn Index is the most widely used and trusted private market index available today and is used as both a performance benchmark and in the creation of financial products. The company’s indexes measure the share price performance of private, venture-backed US companies valued at $1 billion or more.

Challenge: The company processes 20,000 filing documents of nearly 2000 private companies across multiple funding rounds to extract deal terms, which are used to calculate a company’s valuation. This was being done manually by analysts making it extremely time consuming, expensive, and error prone.

Solution: By utilizing the ThirdAI Generative Platform, the company was able to create an AI bot to train on the entire corpus and ask questions directly to retrieve specific information. The entire manual data processing step was completely eliminated. ThirdAI enabled them to build and launch an AI bot without an in-house data science team.

Impact: With ThirdAI, Prime Unicorn Index has increased its ability to innovate more quickly and expand its platform to better serve its customers. Today, the AI bot is live and is being used by the data analyst team to pull specific information about private companies for both internal analysis and customer value.