Inflection
Founded Year
2006Stage
Series A | AliveTotal Raised
$30MLast Raised
$30M | 14 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-56 points in the past 30 days
About Inflection
Inflection is a company that focuses on identity management and background verification in the human resources sector. The company offers screening products and services that help businesses make informed decisions about hiring, trusting, and granting access to individuals. These services are primarily used by companies in the human resources industry. It was founded in 2006 and is based in Redwood City, California.
Loading...
Loading...
Research containing Inflection
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Inflection in 1 CB Insights research brief, most recently on Aug 28, 2023.
Expert Collections containing Inflection
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Inflection is included in 2 Expert Collections, including Gig Economy Value Chain.
Gig Economy Value Chain
155 items
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
HR Tech
5,785 items
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Inflection Patents
Inflection has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
6/3/2013 | Social networking services, Retailing, Microblogging, New media, Videotelephony | Application |
Application Date | 6/3/2013 |
|---|---|
Grant Date | |
Title | |
Related Topics | Social networking services, Retailing, Microblogging, New media, Videotelephony |
Status | Application |
Latest Inflection News
Sep 5, 2024
But still calls it a merger Share The Competition and Markets Authority (CMA) has cleared Microsoft's arrangements with Inflection AI, including the hiring of former Inflection employees. However, the regulator has officially designated the transaction as a "merger," signalling future scrutiny of similar deals. The decision follows a phase 1 inquiry, which the CMA launched in July to gather information about the transaction. Central to the probe was whether Microsoft's hiring of Inflection staff constituted a merger, even though the company itself was not acquired. Another concern was whether this transaction could harm competition in the rapidly changing AI sector, particularly in the development of foundation models (FMs) and chatbots. Last year, Microsoft took part in a $1.3 billion funding round for Inflection. Then, in March, it hired Inflection's co-founder, Mustafa Suleyman, along with several key team members, in a deal reportedly worth $650 million. Microsoft also secured a license to use Inflection's technology. Founded in 2022 as a consumer AI company, Inflection has shifted its focus since the Microsoft agreement, pivoting to sell enterprise AI software to businesses. This shift drew attention from regulators and legal experts, as the deal closely resembles an acquisition, yet sidestepped formal acquisition regulations. In April, the CMA sought public input on whether partnerships like Microsoft's deal with Inflection should be subject to the UK's merger control rules. Both Microsoft and Inflection have said that the agreement was a non-acquisition partnership, with Inflection continuing to operate as an independent entity. After completing its phase 1 investigation, the CMA has now concluded that the deal does qualify as a merger, citing the transfer of almost all of Inflection's team, including its founders, and the establishment of commercial agreements such as a non-exclusive licensing deal for Inflection's intellectual property. The CMA highlighted the importance of expertise in the development of FMs and chatbots, noting that acquiring a team with relevant know-how, even without further assets, can fall under merger control jurisdiction. We've cleared Microsoft's arrangements with #Inflection which includes the hiring of former Inflection employees. Joel Bamford, our Executive Director of Mergers, discusses the process leading up to the decision.
Inflection Frequently Asked Questions (FAQ)
When was Inflection founded?
Inflection was founded in 2006.
Where is Inflection's headquarters?
Inflection's headquarters is located at 555 Twin Dolphin Drive, #630, Redwood City.
What is Inflection's latest funding round?
Inflection's latest funding round is Series A.
How much did Inflection raise?
Inflection raised a total of $30M.
Who are the investors of Inflection?
Investors of Inflection include Matrix Partners, Sutter Hill Ventures and Costanoa Ventures.
Who are Inflection's competitors?
Competitors of Inflection include Sterling and 8 more.
Loading...
Compare Inflection to Competitors
Accurate Background offers a complete set of on-demand employment screening services, including criminal, motor vehicle, and other public records searches, employment history, education and professional license verifications, credit checks, and drug and health screening services.
Checkr specializes in employee background screening services within the human resources and compliance technology sectors. The company offers a range of background check services, including criminal, employment, and driving record verifications, as well as drug and health screenings, education verification, and continuous monitoring solutions. Checkr's platform primarily serves industries such as gig and marketplace, technology, staffing, retail, hospitality, healthcare, food services, and volunteers and non-profits. It was founded in 2014 and is based in San Francisco, California.
HireRight is a background screening company. It offers solutions such as on-demand employment background checks, drug testing, employment and education verifications, and more. It serves industries such as insurance, manufacturing, retail, and more. The company was founded in 1995 and is based in Nashville, Tennesse.
Checkfirst specializes in inspection workflows and compliance management within various business sectors. The company offers a suite of tools for on-site data verification and third-party inspections, designed to streamline compliance processes and enhance productivity. Checkfirst primarily serves sectors that require compliance and verification processes, such as marketplaces, real estate, and manufacturing. It was founded in 2021 and is based in Lisbon, Portugal.
Truework specializes in providing a customizable platform for income and employment verification within the financial services sector. The company offers services that automate the verification process, utilizing multiple data sources to ensure efficient and accurate verifications. Truework primarily caters to the mortgage lending and tenant screening sectors. It was founded in 2017 and is based in San Francisco, California.
Certn specializes in tech-driven background screening solutions within the human resources and compliance sectors. The company offers a range of services including identity verification, criminal record checks, credit assessments, and employment and education verification. Certn primarily serves industries such as property management, healthcare, hospitality, transportation, staffing, technology, retail, manufacturing, finance, construction, and non-profit organizations. It was founded in 2016 and is based in Victoria, British Columbia.
Loading...