Archive Intel

Company Overview

Archive Intel is a SaaS-based archiving and compliance solution for Registered Investment Advisors (RIAs) and financial institutions. The company provides an AI-powered platform that captures, archives, and monitors various forms of client communications to help firms meet regulatory obligations efficiently. Founded by Larry Shumbres, Ravi Gupta, and Shea Werner, Archive Intel aims to simplify compliance processes and save time for financial firms through innovative technology.

Products Overview

Archive Intel offers a comprehensive archiving and monitoring solution that includes:

1. Email archiving (Microsoft Outlook 365, Gmail, and others)
2. Social media archiving (LinkedIn, Facebook, Instagram, Twitter, YouTube, StockTwits)
3. Messaging archiving (iMessage for iPhone, Zoom Phone SMS & Chat, WhatsApp, Ring Central, MyRepChat, Microsoft Teams, Archive Intel SMS, Slack, Bloomberg IB)
4. Website archiving
5. AI-powered compliance tools
6. Automated imports/exports
7. Customized reports
8. Admin dashboard

The platform is designed to capture emails, text messages, social media posts, websites, and other off-channel communications. It offers features like bulk reviews, saved reviews, automated blacklisting of domains, and AI options to help regulate communications in real-time.

Founding Team

1. Larry Shumbres - Founder & CEO
   • Background: 3 Successful Exits, experience with Charles Schwab, Morningstar, eMoney, IBM
2. Ravi Gupta - Co-Founder & CTO
   • Background: Financial Institutional Technology expert, experience with IBM, EY
3. Shea Werner - Co-Founder & CRO
   • Background: Sales and Marketing expert, experience with Oppenheimer, Personal Capital, Tifin

Problem and Market Fit

Archive Intel addresses the growing need for comprehensive archiving and compliance solutions in the financial industry, particularly for RIAs and other financial institutions. With increasing regulatory scrutiny on client communications, including off-channel communications like text messages, firms need efficient ways to archive and monitor these interactions. Archive Intel’s AI-powered platform aims to streamline this process, reducing review time and helping firms stay compliant with regulations such as SEC Rule 17a-4.

Business Model

Archive Intel operates on a SaaS-based subscription model. They offer both monthly and annual pricing plans:

1. Monthly Plan: $99/month for the first 3 users, with additional connectors at $10/month each
2. Annual Plan: $89/month for the first 3 users (paid annually), offering a 10% discount
3. Enterprise Plan: Custom pricing for larger businesses with personalized services and customized solutions

The company also charges $35/month per number for iMessage archiving.

Funding and Runway

Archive Intel recently secured $1 million in seed funding to enhance wealth firms’ compliance communications. This funding round was reported in May 2024, indicating that the company has recently obtained financial backing to support its growth and product development.

Competitive Landscape

While specific competitors are not mentioned in the provided information, Archive Intel operates in the compliance and archiving solutions space for financial institutions. The company positions itself as offering a comprehensive, AI-powered solution that covers a wide range of communication channels, which may differentiate it from other players in the market.

Customers

The primary target customers for Archive Intel are Registered Investment Advisors (RIAs) and other financial institutions subject to SEC and FINRA regulations. While specific customer names are not provided, testimonials mention users from companies such as Rossby Financial and Succession Link.

Relevant News

1. May 24, 2024: Archive Intel secured $1 million in seed funding to enhance wealth firms’ compliance and off-channel communications.
2. April 19, 2024: The company unveiled its AI-powered compliance solution.
3. April 17, 2024: Archive Intel launched its archiving tool for RIAs, as reported by Citywire.
4. February 15, 2024: Archive Intel reported on SEC fines totaling $81 million imposed on 16 firms for texting violations, highlighting the relevance of their solution.
5. January 2024: The company attended the T3 Technology Tools for Today Conference in Las Vegas.

Archive Intel appears to be a relatively new entrant in the compliance technology space, with recent funding and product launches indicating it is in an early growth phase. The company is leveraging AI technology to address the complex compliance needs of financial institutions, particularly in the area of communication archiving and monitoring.