Giant Oak Wins 2019 Red Herring Top 100 North America Award
by Business Wire, on Jun 13, 2019 9:51:09 AM
ARLINGTON, Va.--(BUSINESS WIRE)--Giant Oak, a leader in the application of artificial intelligence, machine learning, and big data for the security needs of the financial industry and the federal sector, is proud to announce that it has been named a recipient of Red Herring’s Top 100 North America Award, one of the technology industry’s most prestigious prizes.
Giant Oak was recognized for its cutting-edge Giant Oak Search Technology (GOST®), a revolutionary search and retrieval tool that uses machine learning and artificial intelligence to make threat detection faster and more accurate. In its work, GOST’s ranking capabilities enable users to focus on a small, precise set of entities. Its ranking algorithm is measured as 97% more efficient than traditional search and screening methods.
“As data continues to double every 18 to 24 months, it has become impossible for investigators and analysts to screen across the massive deluge of data. Machine learning identifies patterns at a scale and speed that humans can’t match,” said Dr. Gary Shiffman, founder and CEO of Giant Oak. “The result of ML/AI technology like GOST® is that individuals can make smarter decisions about risks, and governments can foster a safer and freer society. This recognition by Red Herring helps to validate Giant Oak’s innovative work in redefining how screening and continuous vetting operations are performed to ultimately make us all safer.”
Winners for this award are among the continent’s brightest and most innovative private ventures. Giant Oak was chosen by Red Herring’s editorial team after a process that considered criteria including disruptive impact, proof of concept, financial performance, market footprint and quality of management.
“Selecting finalists for this year’s Top 100 has proved more difficult than ever. North America has been tech’s beating heart for years–but never have I seen such an exciting, disruptive and innovative generation as we have in 2019,” said Alex Vieux, publisher and chairman of Red Herring. “Giant Oak fully deserves its place among our Top 100, and I’ve every confidence it will make a significant impact in the tech world.”
For more information on GOST®, please visit: https://www.giantoak.com/solutions
About Giant Oak
Giant Oak combines data and behavioral science to help business and government identify potential threats during the online search and screening process. Led by a team of social scientists, machine learning experts, and security professionals, the company provides a system known as GOST® which expertly searches the deep web to reveal and rank otherwise-hidden actions, actors, and communities. GOST’s human-centered design principles apply machine learning to publicly available information enabling organizations to see a clearer picture of the people with whom they transact. The government, financial and regulatory organizations, and national security agencies use GOST® to comply with Customer Due Diligence (CDD) processes, reduce false negatives, increase data confidence, and enable smarter and easier decision-making. For more information, visit www.giantoak.com.